0 votes
2.1k views
in Economics by (75.6k points)

 Calculate sales from the following:

(i) Subsidies 200
(ii) Opening stock100
(iii) Closing Stock600
(iv) Intermediate consumption3000
(v) Consumption of fixed capital 700
(vi) Profit750
(vii) NVA fc 2000 

1 Answer

+1 vote
by (73.7k points)
selected by
 
Best answer

GVAmp = NVA fc + Dep + NIT 

 = 2000 +700 + ( 0 – 200) 

 = 2500

GVAmp = Sales = change in stock – IC

2500 = Sales + ( 600 – 100 ) – 3000 

2500 = Sales – 2500 

 Sales = 5000

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...