Question

calculate the amount of sales.
Opening stock of Rs. 20,000, Purchase Rs.1,20,000, Closing Stock rs, 60,000, Gross Profit on sales is 20%. ​

Answer 1

Answer:

cost = 20,000 + 1,20,000 - 60,000 = 80,000

sales = cost + profit

x = 80,000 + (x × 20/100)

x = 80,000 + x/5

5x = 4,00,000 + x

4x = 4,00,000

x = 1,00,000