Opening stock Rs.10,000 Sales Rs.40,000 Purchases Rs.30,000 Gross profit on sales 20% From the above figures, the amount of closing stock can be valued at

Opening stock Rs.10,000 Sales Rs.40,000 Purchases Rs.30,000 Gross prof

1.	Opening stock Rs.10,000 Sales Rs.40,000 Purchases Rs.30,000 Gross profit on sales 20% From the above figures, the amount of closing stock can be valued at
A.	Rs.8,000
B.	Rs.28,000
C.	Rs.12,000
D.	Rs.20,000
Answer» B. Rs.28,000