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Practice Test
Questions
The Zed Company , a whole seller estimates the following Sales for the indicated months: June 2006 : Opening stock Rs.4,08,000, Credit Sales Rs.15,00,000 , Cash Sales Rs.2,00,000 , Total Sales Rs.17,00,000 , July 2006 :Opening stock Rs.4,34,400, Credit Sales Rs.16,00,000 , Cash Sales Rs.2,10,000 , Total Sales Rs.18,10,000 , August 2006 :Opening stock Rs.4,60,800, Credit Sales Rs.17,00,000 , Cash Sales Rs.2,20,000 , Total Sales Rs.19,20,000 . Selling price is 125% of the purchase price. The cost of goods sold for the month of June ,2006 is:
A
Rs.15,20,000
B
Rs.14,02,500
C
Rs.12,75,000
D
Rs.13,60,000
Solutions
Correct Option :- D
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