What will be the amount of gross profit of a firm if its average inventory is ₹80,000, Inventory turnover ratio is 6 times, and the Selling price is 25% above cost?
(A) ₹1,20,000.
(B) ₹1,60,000.
(C) ₹2,00,000.
(D) None of the above.
(A) ₹1,20,000.
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