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Cost of goods sold is Rs. 5,00,000, and opening stock is twice more than closing stock. Purchase is twice that of opening stock. Calculate the amount of purchase. |
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Replies (20)
ans is a)100000/-
COGS = OP STOCK + PURCHASE - CLOSING STOCK.
LET CLOSING STOCK BE x.
So opening stock is two times more than closing stock I.e x+2x
Purchase is twice opening stock ( which is3x)
So purchase is 6x
So on solving
X = 50000
6x = purchase = 300000 rs.
COGS= OP.STOCK+PUCHASE-CLO.STOCK
5lks =2lks +4lks -1lks
So purchase = 4,00,000/-
OP.stock=2(CLO.stock)
, x=2x.
Clo.stock=2puchase
2x =2(2x),therefore purchase=4x
By solving we get x=1,00,000/-
So 4x=4,00,000
Please read the terminologies used .. 2 times MORE ... and twice .. so this cannot be same in my opinion.
Let closing stock is a random constant x this implies openin stock is 2x now purchase is double f openin stock thus purchase is 4x!! Putin in eqn
500000=4x+2x-x thus x=100000 N purchase is 400000!! N stating if 2times more n Twice convey not the same sense then eqn wud be reduced to 8x=500000 whr 6x wud be purchase!!
Sorry I forgot to multiply my answer with 4 .
ans would be 400000.
COGS= 500000
Opening Stock= 2* Closing Stock
Purchase=2 * Opening Stock
COGS= Opening Stock+ Purchase-Closing stock
500000=Op Stk+ 2Op Stk- Op Stk/2
500000=(2Op stk+4Op stk -Op Stk)/2
Op stk= 200000
Therefore Purchase = 400000
Got answer from my friend.. I dont know whether its the correct one.
"Let closing stock be x , therefore, opening stock will be 2x, and purchase will be 4x,.
Cost of goods sold= opening stock+ Purchases-Closing stock (As per given example)
ie, 2x+4x-x = 500000
5x = 500000
x= 100000
closing stock(x) = 100000
Opening stock (2x) = 200000
Purchase (4x) = 400000
Is it the way to answer?
your approach is absolutely correct. but I found calculation mistake in answer. I think X = 62500. and purchases = 375000. but unfortunately it is not there in options.
Ans is 3)4,00,000 :-).......
I agree with kiran, question says op.stock is two times more than clo.stock and not twice of clo.stock. Therefore answer is 375000.
Simple question ans: pr=400000
Padhy, two times and twice is the same
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