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Vanilla Ltd. normally makes a gross profit of 22%. However, in the year ended December 31, 2005 some old stock which had cost of Rs.

Vanilla Ltd. normally makes a gross profit of 22%. However, in the year ended December 31, 2005 some old stock which had cost of Rs. 1,000 was sold for Rs. 800. Purchases in the year were Rs. 15,000,and opening and closing stocks were Rs. 4,000 and Rs. 5,500 respectively. Required: What were sales for the year? Question # 5

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