Question

Opening stock 50000 closing stock 40000 purchases 190000 profit margin 16.67% on sales ,the sales are?

Answer 1

Answer:

2,40,000

Explanation:

Here yur answer

Hope it helps you

Answer 2

Answer:

sales amt = 2,40,000

Explanation:

Let the amount of sale be 'x'

as per this question the firm incured gross profit which means the credit side is more than the debit side in the trading account

opening stock and purchase come under the debit side of trading account and sales , closing stock come un der the credit side of trading account

to find sale

$40,000 + 'x' - 50,000 - 1,90,000 =$ $\frac{16.67x}{100}$

⇒ $x - 2,00,000 =$ $\frac{16.67x}{100}$

⇒x = $\frac{16.67x}{100} + 2,00,000$

⇒x = $\frac{2,00,00,000 + 16.67x}{100}$

⇒ $100x = 2,00,00,000 + 16.67x$

⇒$100x - 16.67x = 2,00,00,000$

⇒83.3333333x = 2,00,00,000

⇒x = $\frac{2,00,00,000}{83.33333}$

⇒x= 2,40,000

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'x' ⇒ sales = 2,40,000