O Complete the wiven eetsty.
solve 97 101) 10497 - 503
Solution
103 97 - 503
97% 103 497
2002 - 2007
Dividing by 200, we get
Adding d) and (11)
103x + 97 - 503
97% 103y - 497
by subtracting (1) from (1)
Dividing the equation by 6. we get
(IV)
By solving equations (III) and (IV) we get
*
can any one have me this answer please
Answers
Answer:
Stock Turnover Ratio = 6 times
Closing Stock = 20,000
Explanation:
★ Stock Turnover Ratio :
Stock Turnover Ratio =
\rm{\dfrac{Cost \: of \: Goods \: Sold}{ Average \: Stock}}
AverageStock
CostofGoodsSold
Gross profit = 30,000
Gross Profit = 25% on sales
Let,
Net sales = y
Gross Profit = 25% on Net Sales
25 % of y = 30,000
25 / 100y = 30,000
y = 30,00,000 / 25
y = 1,20,000
Net sales= 1,20,000
Gross Profit = Net Sales - Cost Of Goods Sold
30,000 = 1,20,000 - Cost Of Goods Sold
Cost Of Goids Sold = 1,20,000 - 30,000
Cost Of Goods Sold = 90,000
Stock Turnover Ratio =
\rm{\longrightarrow}\dfrac{Cost \: of \: Goods \: Sold}{ Average \: Stock}⟶
AverageStock
CostofGoodsSold
\rm{\longrightarrow} \dfrac{90000}{15000} = 6⟶
15000
90000
=6
Stock Turnover Ratio = 6 times
★ Closing Stock :
Opening Stock : Closing Stock = 1 : 2
Let,
Opening Stock = x
Closing Stock = 2x
Average stock =
\rm{\longrightarrow{\dfrac{Ope.ning \: Stock \: + \: Closing \: Stock}{2}}}⟶
2
Ope.ningStock+ClosingStock
\rm{\longrightarrow{15000 = \: \dfrac{Ope.ning \: Stock \: + \: Closing \: Stock}{2}}}⟶15000=
2
Ope.ningStock+ClosingStock
\rm{\longrightarrow}15,000 = \dfrac{x \: + \: 2x}{2}⟶15,000=
2
x+2x
\longrightarrow⟶ 3x = 30,000
\longrightarrow⟶ x = 10,000
Opening Stock = 10,000
Closing Stock = 20,000
∴ Stock Turnover Ratio = 6 times
Closing Stock = 20,000