Business Studies, asked by kiranady08, 11 months ago

What will be the value of supply if Khosla Electronics supply Sony television set for Rs 85000 along with the exchange of an old TV and if the price of the Sony television set without exchange is Rs 1,00,000, the open market value of the Sony television set is:

Answers

Answered by sonalip1219
2

The open market value of the television set is Rs 100,000

Explanation:

  • Open Market Value is the term which is defined as the amount which the property or the good would exchange contracts (sell for) among the willing seller and willing buyer on the valuation date.
  • In the valuer opinion, it is the probable price which the good or property would be expected to accomplish on the day in the open fair sale.
  • So, in this case, the open market value of the Sony television set amounts to $100,000, which is the exchange value.

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