Solve please........

Page no : 2

Nitin A Malani (Chartered Accountant) (87 Points)
Replied 25 July 2012

Trdg A/c for 2009-10

Opng Stk	30	Sales	400
Pur	325
GP	80	clsg stk	35
	435		435


	GP Margin	20%


Trdg A/c for 2010-11

Opng Stk	35	Sales	500
Pur	420
GP	100	clsg stk	55
	555		555

	GP Margin	20%

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Harish Kumar (IPCC) (475 Points)
Replied 26 July 2012

thank you very much......to all

4 clear my doubts........!!

CA Vijay (Manager Finance) (110 Points)
Replied 26 July 2012

In simple words in 2010 balancing figure is profit that comes to 80K which is 20% of sales

In year 2011 since profit margin is same and you have sales figure you can find out profit for the year that will be 500K * 20% = 100K. Now balancing figure is clsoing stock which comes to 55K thats the answer.