Question
Consider the following for Q Co. for the year
2021-22: • Cost of goods available for sale: ₹1,00,000 • Total sales: ₹80,000 • Opening inventory: ₹20,000 • Gross profit margin on sales: 25% Closing inventory of goods for the year 2021-22 is:Solution
Gross profit = 25% of ₹80,000 = ₹20,000 Cost of goods sold (COGS) = ₹80,000 – ₹20,000 = ₹60,000 Closing inventory = Cost of goods available for sale – COGS = ₹1,00,000 – ₹60,000 = ₹40,000
More Accounts Questions
- Find the value of the expression:
15 + 10 – 6 × [20 + 8 – 2 × (50 – 35)] (64 × 16) ÷ (4 × 16) 3 × 256 2 = 4 ?
[564 + 32 of 18 × 9 ÷ 12 + 162 ] ÷ 4 = ?
187 ÷ 5 ÷ 0.4 = ? – 24 × 2.4
- 40% of 225 – 25% of 120 = 15% of ?
181/8 + 51/4 – 63/8 = ? + 9/2
(3500 ÷ √1225) × √(20.25) = ? ÷ 4
(11/12) × (18/22) × (4/3) + 3 = ?2
What will come in the place of question mark (?) in the given expression?
(5/8) × 1600 + (2400 ÷ 25) = ?
- What will come in place of (?) in the given expression.
(14)² – (12)² = ?
