Question
Goods purchased ₹1,00,000. Sales ₹90,000. Margin 20%
on cost. Closing Inventory = ?Solution
Let Cost = 100, Margin = 20%, so Sales = ₹120. Cost to Sales ratio = 100 / 120 = 5/6 Given Sales = ₹90,000 → Cost of Sales = 90,000 × 5/6 = ₹75,000 Purchases = ₹1,00,000 Closing Inventory = 1,00,000 - 75,000 = ₹25,000
In which year did the East India Company acquire the Diwani of Bengal?
On July 1st, 2024 the state Haryana has introduced how many new criminal laws by replacing the old ones?
Rani Jhansi Marine National Park’ (RJMNP) is situated in _____________.
Nowshera Folk Festival is been celebrated to promote tourism in which state/ut recently?
What is the actual role of oxygen in cellular respiration?
Where was the three day B 20(Business 20) meeting held from 22nd to 24th January, 2023?
Silent Valley National Park is located in which Indian state?
Who is the author of "Narendra Modi: A Political Biography"?
Bharat Ratna winner, Bhupen Hazarika, is related to which field?
In which place ‘Hemis Festival’ is celebrated annually?
Relevant for Exams:
