Question

A fire occurred in the premises of a merchant on 15.6.89 and a considerable part of the stock was destroyed. The value of stock saved was Rs. 4,500. The books disclosed that on 1.4.89 the stock was valued at Rs. 36,750. The purchases to the date of the fire amounted to Rs. 1,04,940 and the sales Rs. 1,56,500. On investigation it was found that during the past five years the average gross profit on sales was 36%. Calculate the claim to be made​

Answer 1

Answer:

add the opening stock with purchases

then multiply it with 36 upon 100

then subtract the amount u have from 156,500