Opening Stock = Rs. 10,000 Purchases = Rs. 90,000 Closing stock = Rs. 28,000 Gross Profit = 10% of sales The amount of sales will be

[amp_mcq option1=”Rs. 60,000″ option2=”Rs. 72,000″ option3=”Rs.80,000″ option4=”Rs. 90,000″ correct=”option1″]

The correct answer is A. Rs. 60,000.

To calculate the sales, we can use the following formula:

Sales = Opening stock + Purchases – Closing stock + Gross profit

In this case, we have:

Sales = 10,000 + 90,000 – 28,000 + 10% of sales

Sales = 60,000

Option B is incorrect because it is the cost of goods sold. Option C is incorrect because it is the cost of goods sold plus the gross profit. Option D is incorrect because it is the purchases.