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     EduGorilla 
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    Mr. A invested Rs. 1000000 to start a cloth business on 1st April, 2011. During the year, he purchased goods of Rs. 710000 and his sales for the year were Rs. 842000. He paid shop rent for the financial year 2011 – 12 of Rs. 20000 and other expenses of Rs. 75000 and he found that he has goods worth Rs. 45000 in hand. What would be the gross profit for the year ended 31 March, 2012?

    Options :-

    1. Rs. 102000
    2. Rs. 82000
    3. Rs. 177000
    4. Rs. 157000
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