The stock was physically verified on Mar 21, 2009 and was valued at Rs 5,00,000. Goods are sold by the trader at a profit of 25% on COST. After stock taking, the following transactions took place till Mar 31, 2009.
Sales of Rs 5,54,000 include Sales of Rs 27,000 @ 20% more than normal selling price. Sales of Rs 27,000 @ 10% less than normal selling price.
You are required to compute the value of stock to be taken to the Balance Sheet of RBS Ltd as on Mar 31, 2009.