Question

opening stock 50000,closing stock 40000,purchase 190000,profit margin is 25% on the sales, then sales are​

Answer 1

Answer:

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Answer 2

Given,

• Opening stock 50000
• Closing stock 40000
• Purchase 190000
• Profit margin is 25% on the sales,

To find,

The value of the sales

Solution,

We have to follow some simple accountancy principles to find the value of sales,

First, find the total cost,

The formula is Opening stock + Purchase - Closing Stock

⇒ Rs.(50000+190000-40000)

⇒Rs.200000

Now, it is given that profit = 25%  on sales means

• Gross Profit on cost = 33 $\frac{1}{3}$ % = Cost =1/3rd.

⇒Gross profit = Rs. $\frac{200000}{3}$

⇒Rs.66,667

Now the value of sales is

⇒ Opening stock + Purchase - Closing Stock  + Profit

⇒ Rs.(50000+190000-40000+66,667)

⇒Rs.266,667

Hence, the value of sales is Rs.2,66,667