8 Kong operate a distribution firm with a margin of 1/3. At the end of May he had sales of $900,000 and purchases of $550,000. His stock at start of the year was $260,000. At the end of May a firm at the firm destroyed most of his stock. On hand was a salvaged amount of $84,000 What was the value of the stock that was destroyed a $29,667 b. $126,000 c. $210,000 d. $294,000 9. A firm reports sales of 260,000. It had opening stock of 60,000 and purchases of 150,000. Given that the firm has a margin of 3/10. What was the value of the closing stock? a 10.000 b. 28,000 c. 78,000 d. 200,000