Question

For painting a fence tom bought 2 buckets of paint with 100lts and 50lts . How much total paint he bought

Answer 1

Answer:

Answer:

Explanation:

Solution :

★ Inventory Turnover Ratio :

\sf{\longrightarrow{\dfrac{Cost \: of \: Revenue \: from \: Operation}{Average \: Inventory}}}⟶

AverageInventory

CostofRevenuefromOperation

\sf{\longrightarrow{\dfrac{Cost \: of \: Revenue \: from \: Operation}{ \frac{Ope.ning \: Inventory \: + \: Closing \: Inventory}{2}}}}⟶

2

Ope.ningInventory+ClosingInventory

CostofRevenuefromOperation

\sf{\longrightarrow \: Average \: Inventory \: = \: {\dfrac{6,00,000}{5}}}⟶AverageInventory=

5

6,00,000

Average Inventory = 1,20,000

★ Average Inventory =

\sf{\longrightarrow{\dfrac{Ope.ning \: Inventory \: + \: Closing \: Inventory}{2}}}⟶

2

Ope.ningInventory+ClosingInventory

\sf{\longrightarrow\:1,20,000\:=\:{\dfrac{Ope.ning \: Inventory \: + \: Closing \: Inventory}{2}}}⟶1,20,000=

2

Ope.ningInventory+ClosingInventory

Let,

Opening Inventory = x

Closing Inventory = x + 8,000

\sf{\longrightarrow\:1,20,000\:=\:{\dfrac{x \: + \:(x \: + 8,000)}{2}}}⟶1,20,000=

2

x+(x+8,000)

2,40,000 = 2x + 8,000

2,40,000 - 8,000 = 2x

2,32,000 = 2x

x = 2,32,000/2

x = 1,16,000

Opening Inventory = 1,16,000

Therefore, The value of Opening Inventory = 1,16,000.