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प्रश्न
Find out the value of opening inventory from the following particulars:
| Total Revenue from Operations | ₹ 2,00,000 |
| Inventory Turnover Ratio | 5 Times |
| Gross Profit | 25% on Revenue from Operations |
You are informed that closing inventory is ₹ 8,000 more than the opening inventory.
संख्यात्मक
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उत्तर
Cost of Revenue from Operation = Revenue from Operation − Gross Profit
= ₹ 2,00,000 − `25/100 xx ₹ 2,00,000`
= ₹ 2,00,000 − ₹ 50,000
= ₹ 1,50,000
Inventory Turnover Ratio = `"Cost of Revenue from Operations"/"Average Inventory"`
5 = `(₹ 1,50,000)/"Average Inventory"`
Average Inventory = `(₹ 1,50,000)/5`
= ₹ 30,000
Let the Opening Inventory be x.
Closing Inventory = x + ₹ 8,000
Average Inventory = `("Opening Inventory" + "Closing Inventory")/2`
₹ 30,000 = `(x + x + ₹ 8,000)/2`
₹ 30,000 × 2 = x + x + ₹ 8,000
₹ 60,000 = 2x + ₹ 8,000
2x = ₹ 60,000 − ₹ 8,000
x = `(₹ 52,000)/2`
Opening Inventory (x) = ₹ 26,000
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