Question

Cash sales 200000 purchase60%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 20000060/100 * 200000

=12000

closing stock = 10% of 20000010/100 * 200000= 20000

gross profit = 8%of 2000008/100 * 200000

1600

opening stock

12000 + 20000 +1600 = rs 33600

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