Question

if sales rs.300.000 purchase 200.00opnening stock rs.90.000 percentage of gross profit on sale 20% then closing stock will be​

Answer 1

Answer:

Rs. 50,000

Explanation:

calculation of Gross profit = sales X Rate of profit

= 3,00,000 X 20÷100

= Rs.60,000

closing stock = Opening stock + purchases +

Gross profit - Sales

= 90,000+2,00,000+60000-3,00,000

= 3,50,000 - 3,00,000

= Rs. 50,000

Answer 2

Answer:

Explanation:

Question 11:

If sales ₹ 3,00,000 purchase ₹ 2,00,000 opening stock ₹ 90,000 percentage of gross profit on sale 20% then closing stock will be​

Given;

1. Sale = ₹ 3,00,000
2. Purchase = ₹ 2,00,000
3. opening stock = ₹ 90,000
4. Gross profit = 20% on sale
5. Closing stock = ?

To find:

1. Closing stock

Explanation:

Gross profit = 20% on sale

$\sf{:\implies{Gross\:profit = 3,00,000\:x\:\dfrac{20}{100}}}$

$\sf{:\implies{Gross\:profit = 60,000}}$

Closing stock = Opening stock + Purchase + Gross profit - Sale

Gross profit = 90,000 + 2,00,000 + 60,000 - 3,00,000 = 50,000

$\bold{\sf{:\implies{Closing\:stock= 50,000}}}$

Question 10

If sales ₹ 2,40,000 purchase ₹ 1,75,000 closing stock ₹ 30,000 percentage of gross profit on sale 20% then Opening stock will be​

Given;

1. Sale = ₹ 2,40,000
2. Purchase = ₹ 1,75,000
3. closing stock = ₹ 30,000
4. Gross profit = 20% of sale
5. Opening stock = ?

To find;

1. Opening stock

Explanation:

gross profit on sale 20%

$\sf{:\implies{Gross\:profit = 2,40,000\:x\:\dfrac{20}{100}}}$

$\sf{:\implies{Gross\:profit = 48,000}}$

Opening stock = Sale + Closing stock - Purchase - Gross profit

Opening stock = 2,40,000 + 30,000 - 1,75,000 - 48,000 = 47,000

Opening stock = ₹ 47,000