Question

closing stock is of 60000 overvalued by 20% find out the actual value of stock............... plzzzzzz give me this and ​

Answer 1

Answer:

if it is overvalued then it's present value is of 120%

if 120% = 60,000

then 100% = ?

100×60,000/120 = 50,000

actual value = 50,000

here 100% means actual value

Answer 2

Answer:

Actual value of stock = (60000*100) / 120 = 50000

Explanation:

To find the actual value of closing stock, we need to sub-divide the overvalued closing stock cost by 20%.

Therefore, actual value will be calculated as =

(60000*100) / (100+20) = 50000