Romesh took over stock at Rs.8,100, which is 10% less than its book value. The book value of the stock was...........
Answer & explanation
Correct answer: option 3
The correct answer is option 3- ₹9,000.
Romesh took over stock at ₹8,100, which is 10% less than its book value.
90% = 8,100
So, 100 % = 8,100 x 100/90
= 9,000
So, book value of stock is 9,000