Question

if sales rs.300000, purchase rs.200000, opening stock rs.90000,percentage of gross profit on sale is 20% ,then closing stock Will be​

Answer 1

Answer:

The closing stock is valued at 50,000

Step by step answer:

Gross profit = 60,000

Cogs = 3,00,000 - 60,000 = 2,40,000

Closing stock = 2,00,000 + 90,000 - 2,40,000

= 50,000

Answer 2

Answer:

closing stock Will be​ 50000

Explanation:

Closing Stock = Opening stock +Purchase+ Gross profit - sales

               The opening stock is $rs.90000$

               The purchase is $rs.200000,$

                The sales is $rs.300000$,

                 The gross profit on sale is $20%$%

          The gross profit is   $3,00,000$ ×$\frac{20}{100}$

                                        =$60000$

    Closing Stock = Opening stock +Purchase+ Gross profit - sales

                            =$90000+200000+60000-300000$

                            $=50000$

    closing stock Will be​ $=50000$

   The project code is #SPJ3