Question

find out the closing stock if opening stock is 20000,sales is 100000, purchase is 70000 nd gross profit is 33 1/3​

Answer 1

Answer:

rs 15000

Explanation:

total sale= 40000+60000=100000

let cost be 100 so gross profits = 33 1/3 on cost sales = 133*1/3

gross profit on sales = 33* 1/3 / 133*1/3=1/4

gross profit= 100000*1/4=25000

cost of good sold = 100000-25000= 75000

cost of goods sold = opening stock+purches-closing stock 75000=20000+70000-clossing stock closing stock=15000