A business operates based on a mark-up on cost of 40%. If opening inventory was GH₵ 5,000, sales were GH₵ 98,000 and purchases were GH₵ 71,200, calculate the value of closing inventory.  A. GH₵ 70,000  B. GH₵ 68,600  C. GH₵ 29,400

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