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EASYOFFICE

How to calculate purchase?

This query is : Resolved 
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(Querist)
07 November 2014 Dear Sir/Madam

I have a query please solve it urgently..
if opening bal is 150000
cash sales = 120000
credit sale = 230000
selling price = 1205% on cost
closing stock = nil
purchase = ?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
07 November 2014 1205% or 12.05%?????????????
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Priti Dhoke

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Priti Dhoke (Querist)
13 December 2014 sorry sir its 12.05%
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
13 December 2014 total sales*100/112.05 - opening stock

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