The sales of particular item last month was Rs 100000. There is a increase of 25% in sales this month. Find the sales for this month in rupees.
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Answers
Answer:
Rs 1,25,000
Step-by-step explanation:
1,00,000+25%=Rs 1,25,000
Answer:
Solution can be represented as:
Sales= Cost of Goods Sold +Gross Profit
Assuming COGS is Rs.100
Gross Profit will be 1/3 of Rs.100 i.e.33.33
Therefore
Sales =Rs.100+Rs.33.33 i.e. Rs.133.33
If we calculate the Gross Profit on Sales that becomes = GP/Sales*100
=33.33/133.33*100
i.e. Gross Profit will be 25% on sales
Sales= Rs.600000
Gross Profit= 25% of Rs.600000 i.e. Rs.150000
Cost of Goods Sold= Sales-Gross Profit
= Rs.600000-Rs.150000
= Rs.450000
Now, to find out the opening stock, below equation help us:
Cost of Goods Sold= Op Stock+Purchases-Closing Stock
450000=Op Stock+490000-Rs.90000
450000=Op Stock+ Rs.400000
Op Stock = Rs.450000-Rs.400000
Opening Stock =Rs.50000.
Step-by-step explanation:
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