Question: If sales are Rs.6,00,000 ; Gross profit is 1/3 on cost; Purchases are Rs.4,90,000 and the Closing stock is Rs.90,000 , then the opening stock

If sales are Rs.6,00,000; Gross profit is 1/3 on cost; Purchases are Rs.4,90,000 and the Closing stock is Rs.90,000, then the opening stock will be_________.

A. Nil

B. Rs.50,000

C. Rs.2,00,000

D. Rs.4,90,000

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