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Question

If the beginning inventory is Tk 18,000, Purchase is Tk 86,000, Purchase return is Tk 4,000, Sales is Tk 1,20,000 and the mark-up on the cost is 25%, then what is the value of closing inventory?

Tk 2000

Tk 4000

Tk 6000

Tk 10000

None of these
ANS : 2
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