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Op. stock + purchase = 34,000+160,000 = 194,000.
G. profit is 20% on cost = 20/120 = 16.6667%.
So, cost will be 100-16.6667 = 83.3334%
Sales is = 180,000
Cost of sales = 180,000 x 83.3337% = 150,000.
G. profit will be = 180,000 - 150,000 = 30,000, which is 20% of cost.
Closing stock will be = 194,000 - 150,000 = 44,000.
