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Sales = 480000 GP = 20% …

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Sales = 480000 GP = 20% on COGS Purchase = 380000 Opening stock = 50000 By activity ratio

    • Posted by Aditi Shrivastava 6 years, 8 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Deepanshu Jain 6 years, 8 months ago

    Let the cost be 100 

    Profit = 20 

    So, Sale price = 120

    As per question if 120 =480000

    Then 100= 480000/120X100

    Cost of goods sold =400000

    Activity Ratio = cogs/ avg. Stock 

    = 400000/50000

    = 8 times

    1Thank You

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