Question

Find out opening stock from the following; Closing Stock =Rs 230 Crore , Change in Stock=Rs 200 Crore ; options:Rs 200 Crore (2)Rs 30 Crore(3)Rs 70 Crore(4)None of these​

Answer 1

Answer:

3,700 crore 4 to the right answer

Answer 2

Opening of the stock was Rs. 30 crore

Therefore, option (2) is correct.

Explanation:

Given:

Closing stock = Rs. 230 crore

Change in stock = Rs. 200 crore

To find out:

Opening price of stock

Solution:

Opening Price + Change in price = Closing Price

or, Opening price = Closing price - Change in price

                             = 230 - 200

                             = 30 crore

Therefore, opening of the stock was Rs. 30 crore

Hope this answer is helpful.

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