abbykmoek1450 abbykmoek1450 06-03-2024 Business contestada Cash Sales 1.5 times of credit sales. Credit sales ₹1,20,000, purchases ₹1,40,000, rate of gross profit 25% on cost. What is the value of closing stock? a) ₹96,000 b) ₹1,60,000 c) ₹2,00,000 d) ₹2,40,000