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The amount of purchase if
Cost of goods sold is Rs.80,700
Opening stock Rs.5,800
Closing stock Rs.6,000
  • a)
    Rs.80,500
  • b)
    Rs.74,900
  • c)
    Rs.74,700
  • d)
    Rs.80,900.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The amount of purchase ifCost of goods sold is Rs.80,700Opening stock ...
To calculate the amount of purchase, we need to use the formula:

Purchase = Cost of Goods Sold + Closing Stock - Opening Stock

Given information:
Cost of Goods Sold = Rs.80,700
Opening Stock = Rs.5,800
Closing Stock = Rs.6,000

Let's calculate the amount of purchase using the above formula:

Purchase = Rs.80,700 + Rs.6,000 - Rs.5,800
Purchase = Rs.80,700 + Rs.200
Purchase = Rs.80,900

Therefore, the correct answer is option 'D' - Rs.80,900.
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The amount of purchase ifCost of goods sold is Rs.80,700Opening stock ...
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The amount of purchase ifCost of goods sold is Rs.80,700Opening stock Rs.5,800Closing stock Rs.6,000a)Rs.80,500b)Rs.74,900c)Rs.74,700d)Rs.80,900.Correct answer is option 'D'. Can you explain this answer?
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