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Given:
Stock turnover 6 times
Total Sales Rs. 3,00,000
Gross profit Ratio 20%
Closing stock is Rs. 4,000 more than the opening stock. The opening stock will be:
The accountants of a company show sales of Rs. 12,600. The primary cost is 35% of sales and trading cost accounts for 25% of the gross profit. Gross profit is arrived at by excluding the primary cost plus the cost of advertising expenses of Rs. 1400, director's salary of Rs. 650 per annum plus 2% annual sales as miscellaneous costs. Find the percentage profit (approx) on a capital investment of Rs. 14,000?
Purchases of a firm during the year is Rs. 60,000. Opening stock and closing stock for the year is Rs. 12,000 and Rs. 9,000 respectively. Gross profit is $${\frac{1}{5}^{{\text{th}}}}$$ of sales. Amount of gross profit is
If sales is Rs. 1,20,000, gross profit is $${\frac{1}{3}^{{\text{rd}}}}$$ of cost, purchase is Rs. 98,000 and closing stock is Rs. 18,000 then opening stock will be
Opening Stock = Rs. 10,000
Purchases = Rs. 90,000
Closing stock = Rs. 28,000
Gross Profit = 10% of sales
The amount of sales will be
The following are the criteria set by a Retail outlet for the selection of candidates for the post of Store In charge in a reputed mall. 1. The candidate must be a graduate in any stream with minimum of 50% marks. 2. The candidate must have Minimum of 5 years of Sales experience in Retail. 3. The age of the candidate should not be less than 25 years and more than 34 years as on 1st October, 2019. (a) If a candidate satisfies all the criteria except 2 as given above but has an MBA degree and has minimum of 2 years of work experience in sales, she/he must be sent to the General Manager, Recruitment for further interview. (b) If a candidate satisfies all the criteria except 3, but has more than 5 years experience as a Group Manager and above in Sales managing a team of sales executives, then she/he must be sent to the Regional Manager, Sales & Marketing, for further interview Based on the above criteria and conditions, analyze and decide which of the following course of action should be taken for the candidate whose description is provided below. Please note that you are not to assume anything other than the given information. Sujoy is a graduate with 55% marks and MBA through Correspondence. He was born on Sept 20, 1990. He has 1 year of work experience as a sales executive and 2 years of experience as a Group Manager, Sales. On the basis of the information as given above, which of the following decisions would be appropriate
If opening stock is Rs. 2,45,000, Purchases Rs. 15,00,000, Sales Rs. 17,40,000 and Rate of gross profit on cost is 20%, then closing stock will be
In a share market, three competitors  Apollo groups, CCL products & Maruti Suzuki exist. Last year the sales of CCL products was 10% more than the sales of Apollo groups. This year both the firms Apollo groups & CCL products increased their sales by 20%. This year the sales of CCL products is five times the sales of  Maruti Suzuki. How much were the sales of Maruti Suzuki last year is the total sales remained constant over the two years period?
Given:
Sals - Rs. 2,00,000
Gross Profit - 25% of cost
Stock velocity - 3 months
Closing stock is Rs. 2,000 more than the opening stock.
If the average stock of a firm is Rs. 40,000 and its opening stock is Rs. 5,000 less than the closing stock, what would be the value of Opening Stock?