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Calculate ‘Sales’ from the Following Data: - CBSE (Arts) Class 12 - Economics

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Question

Calculate ‘Sales’ from the following data:

   

(Rs  in lakhs)

(i)

Subsidies

200

 

(ii)

Opening stock

100

 

(iii)

Closing stock

600

 

(iv)

Intermediate consumption

3,000

 

(v)

Consumption of fixed capital

700

 

(vi)

Profit

750

 

(vii)

Net value added at factor cost

2,000

Solution

GDPMP = NDPFC - Subsidies + Depreciation
            = 2000 - 200 + 700
            = 2500

Now,
GDPMP = Sales +(Closing Stock - Opening Stock) - Intermediate Consumtion
Or, Sales = GDPMP - (Closing Stock - Opening Stock) + Intermediate Consumtion
              = 2500 -(600-100)+3000
              = 5000

  Is there an error in this question or solution?
Solution Calculate ‘Sales’ from the Following Data: Concept: Aggregates Related to National Income - Gross Value Added and Net Value Added.
S
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