Stock of Rs. 72,000/- which was undervalued by 10% , find out actual value of stock.Stock of Rs. 72,000/- which was undervalued by 10% , find out actual value of stock.
Answers
Answered by
3
Answer:
80000
Explanation:
72000×100/90
= 80000
formula
in case of under value
amount ×100/100 - rate
in case of over value
amount ×100/100+rate
Answered by
3
Given:
Value of Stock = Rs. 72000
Undervaluation = 10%
To find:
Actual value of the stock
Solution:
Since the stock is undervalued by 10%, thus its current book value will be -
= 100-10 %
= 90%.
Let the value of stock be = x,
According to question -
90% of x = 72,000
x = 72,000 ×100 /90
x = 7200000/90
x = 80,000
Answer: The actual value of stock is Rs. 80,000
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