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National income 1290. Purchase 600. Closing stock 210. Opening stock 350. Expenditure 100. Production for self consumption 240. Indirect taxes 140. Direct tax 120. NFIA 50. Subsidies 80. Depreciation 100 find sales?
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National income 1290. Purchase 600. Closing stock 210. Opening stock 3...
Calculating Sales
- First, calculate the Gross Domestic Product (GDP) using the formula:
GDP = National income + Indirect taxes - Subsidies + NFIA
GDP = 1290 + 140 - 80 + 50
GDP = 1400
- Next, calculate the value of goods produced:
Production = Closing stock + Purchases - Opening stock
Production = 210 + 600 - 350
Production = 460
- Now, calculate the total value of goods sold:
Total value of goods sold = Production + Expenditure - Production for self consumption - Depreciation
Total value of goods sold = 460 + 100 - 240 - 100
Total value of goods sold = 220
- Finally, calculate the sales:
Sales = GDP - Total value of goods sold
Sales = 1400 - 220
Sales = 1180
Therefore, the sales amount is 1180. This calculation takes into account various factors such as national income, taxes, subsidies, production, expenditure, and depreciation to arrive at the final sales figure.
- First, calculate the Gross Domestic Product (GDP) using the formula:
GDP = National income + Indirect taxes - Subsidies + NFIA
GDP = 1290 + 140 - 80 + 50
GDP = 1400
- Next, calculate the value of goods produced:
Production = Closing stock + Purchases - Opening stock
Production = 210 + 600 - 350
Production = 460
- Now, calculate the total value of goods sold:
Total value of goods sold = Production + Expenditure - Production for self consumption - Depreciation
Total value of goods sold = 460 + 100 - 240 - 100
Total value of goods sold = 220
- Finally, calculate the sales:
Sales = GDP - Total value of goods sold
Sales = 1400 - 220
Sales = 1180
Therefore, the sales amount is 1180. This calculation takes into account various factors such as national income, taxes, subsidies, production, expenditure, and depreciation to arrive at the final sales figure.
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National income 1290. Purchase 600. Closing stock 210. Opening stock 350. Expenditure 100. Production for self consumption 240. Indirect taxes 140. Direct tax 120. NFIA 50. Subsidies 80. Depreciation 100 find sales?
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National income 1290. Purchase 600. Closing stock 210. Opening stock 350. Expenditure 100. Production for self consumption 240. Indirect taxes 140. Direct tax 120. NFIA 50. Subsidies 80. Depreciation 100 find sales? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about National income 1290. Purchase 600. Closing stock 210. Opening stock 350. Expenditure 100. Production for self consumption 240. Indirect taxes 140. Direct tax 120. NFIA 50. Subsidies 80. Depreciation 100 find sales? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for National income 1290. Purchase 600. Closing stock 210. Opening stock 350. Expenditure 100. Production for self consumption 240. Indirect taxes 140. Direct tax 120. NFIA 50. Subsidies 80. Depreciation 100 find sales?.
National income 1290. Purchase 600. Closing stock 210. Opening stock 350. Expenditure 100. Production for self consumption 240. Indirect taxes 140. Direct tax 120. NFIA 50. Subsidies 80. Depreciation 100 find sales? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about National income 1290. Purchase 600. Closing stock 210. Opening stock 350. Expenditure 100. Production for self consumption 240. Indirect taxes 140. Direct tax 120. NFIA 50. Subsidies 80. Depreciation 100 find sales? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for National income 1290. Purchase 600. Closing stock 210. Opening stock 350. Expenditure 100. Production for self consumption 240. Indirect taxes 140. Direct tax 120. NFIA 50. Subsidies 80. Depreciation 100 find sales?.
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