Question

cash sales 200000
purchase 60%of sales
closing stock 10%of sales
gross profit 8% of sales
find out the opening stock?​

Answer 1

Answer:

purchase of sales = 60% of 200000

60/100 * 200000

=12000

closing stock = 10% of 200000

10/100 * 200000

= 20000

gross profit = 8%of 200000

8/100 * 200000

1600

opening stock

12000 + 20000 +1600 = rs 33600