A business has compiled the following information for the year ended 31st March, 2018:

Particulars Rs.

Opening Stock 4,00,000

Purchases 10,00,000

Closing Stock 3,00,000

The gross profit during the year is 1,00,000. Based on these figures, what is the sales revenue for the year?

10,00,000

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11,00,000

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12,00,000

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None of these

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Solution

The correct option is C
12,00,000

Sales
= Opening Stock + Purchases + Gross profit - Closing stock

= Rs. 4,00,000 + Rs. 10,00,000 +Rs. 1,00,000 - Rs. 3,00,000

= Rs. 12,00,000

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A business has compiled the following information for the year ended 31st December, 2018:

The gross profit as a percentage of sales is always 40%. Based on these figures, what is the sales revenue for the year?

A business has compiled the following information for the year ended 31 March 2018:

The gross loss during the year is Rs. 50,000.
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A business has compiled the following information for the year ended 31st March, 2018:

The gross profit as a percentage of sales is 25% on sales.
Based on these figures, what is the amount of closing stock as at the end of the year?

	₹		₹
Opening Stock (1st April, 2017)	25,000	Goods purchased during the year	1,40,000
Freight and Packing	10,000	Closing Stock (31st March, 2018)	30,000
Sales	1,90,000	Packing Expenses on Sales	6,000

	₹		₹
Opening Stock (1st April, 2018)	25,000	Goods purchased during the year	1,40,000
Freight and Packing	10,000	Closing Stock (31st March, 2019)	30,000
Sales	1,90,000	Packing Expenses on Sales	6,000

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