Opening stock *50.000 closing stocks 40.000. purchases 1.90.000, profit margin is 16.67% on the sales, then sales are?
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Answer:
Net Sales _ 2,33,340
Explanation:
Gross Sale will be Opening Stock added Purchase deducted Closing Stock... added the profit ratio as
gross sale will be 200000
Net sale will be (200000*116.67)/100= 233340
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