Question

What is the amount of purchases if opening inventory is ₹10000,Closing inventory is ₹8000 and cost of good
sold is ₹75000

Answer 1

8000+75000-10000=73000

Answer 2

Formula

Cost of goods sold = Opening inventory + purchases - closing inventory  

          75000           = 10000 + purchases - 8000

                75000     = 2000 + purchases

     purchases          = 75000 - 2000

      Purchases          = 73000