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From the following details, Calculate value of the Opening Inventory:

Closing Inventory = ₹ 68,000

Total Sales = ₹ 4,80,000 (including cash sales ₹ 1,20,000)

Total Purchases = ₹ 3,60,000 (including credit purchases ₹ 2,39,200)

Goods are sold at a profit of 25% on cost.

Anurag Pathak Changed status to publish March 12, 2024
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