**SOLUTION**

**Inventory Turnover Ratio = Cost of Goods sold / Average Inventory8 = 3,00,000 / Average InventoryAverage Inventory = Rs. 37,500Let Closing Inventory = xOpening Inventory = 2x + x= 3x**

**Average Inventory = Opening Inventory + Closing Inventory / 237,500 = 3X +X / 2or, 4x = 75,000X = 18,750Closing Inventory = x = Rs 18,750Opening Inventory = 3x= 3 × 18,750= Rs 56,250**