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Muscat wood industries had purchased a wood for OMR 1.50,000 in the year 2018 when the price Index was 120. The company sold the same

Muscat wood industries had purchased a wood for OMR 1.50,000 in the year 2018 when the price Index was 120. The company sold the same in the year 2019 when the price index was 200, for OMR 200,000. How much amount of total profit or loss is to be recognized using current purchasing power method? a. OMR 30,000 (LOSS) b. OMR 50,000 (Loss) O COMR 30.000 (Profit) O d. OMR 50.000 (Profit

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