Question

Calculate Value of output and gross value added at market price
Particulars
Rs. in crores
0 Opening stock
1,000
(1) Closing stock
800
(ii) Purchase of raw materials
200
(iv) Sales
10,000
(v) Indirect taxes
250
(vi) Subsidies
50

Answer 1

Answer:

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Answer 2

Calculate Value of output and gross value added at market price

Explanation:

Value of output = Sales + Change in stock

                           =Sales+ Closing stock - Opening Stock

                           =10,000+ 800-1000

                           = 10,000-200

                           = 9800 cr

Gross value added at market price= Sales - Purchase of Raw material -                                  

                                                                Opening stock+Closing Stock

                                                            = 10,000 -200 -1000 + 800

                                                            =9600 cr