A trader carries an average inventory of Rs. 60,000. His inventory turnover ratio is 12 times. If he sells goods at a profit of 20% on revenue from operations, find out the gross profit.
Held on 24 May 2025 · Verified 13 Jul 2026.
80,000
2,80,000
1,80,000
60,000
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Work through every CUET UG Financial Statements PYQ, year by year.