1.

Calculate the amount of sales.Opening stock of Rs. 20,000, Purchase Rs.1,20,000, Closing Stock rs, 60,000, Gross Profit on sales is 20%. ​

Answer»

ANSWER:

COST = 20,000 + 1,20,000 - 60,000 = 80,000

sales = cost + PROFIT

X = 80,000 + (x × 20/100)

x = 80,000 + x/5

5x = 4,00,000 + x

4x = 4,00,000

x = 1,00,000



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