Question

. A fire destroyed the stock of a firm on October 1, 2019. The business records were saved and from them, the following particulars were ascertained:
Stock at cost on 1.4.2018 Rs 88,600
Stock at cost on 31.3.2019 Rs75,100
Purchase for the year ending 31.3.2019 Rs. 2,07,700
Sales for the year ending 31.3.2019 Rs. 3,05,000
Purchases from April 2019 to September 30,2019
Rs. 1,18,000
Sales for the above period Rs. 1,78,143
In Valuing stock on 31st March 2019 Rs. 1,600 had been written off a particular line of goods which had originally cost Rs. 3,600 and which was sold in June 2019 for Rs. 3,500. Except this transaction the ratio of Gross Profit remained unchanged throughout. The value of stock salvaged from the fire was Rs. 10,210. You are required to find the amount of the claim to be presented to the insurance company in respect of the loss of stock.

Answer 1

I don't know the right answer of this question but I can say you that you can solve this question by using the formula CP minus SP and then you will solve the question step by step.

Hope this will helpful