Calculate Net Value Added at Market Price Output sold (units) ₹ 800 Price per unit of output (₹) 20
Calculate Net Value Added at Market Price:
| Particulars | |
| (i) Output sold (units) | 800 |
| (ii) Price per unit of output (₹) | 20 |
| (iii) Goods and services Tax or GST* (₹) | 2000 |
| (iv) Net Change in Stocks (₹) | (-) 500 |
| (v) Depreciation (₹) | 1,000 |
| (vi) Intermediate Cost (₹) | 8,000 |
Ans: ₹ 6,500
Import duty given in the question earlier has been replaced by GST
Anurag Pathak Changed status to publish December 21, 2023
Solution
Sales = Output Sold × Price per unit of output
Sales = ₹ 800 × ₹ 20
Sales = ₹ 1,6000
Value of Output = Sales + Net Change in Stocks
Value of Output = ₹ 1,6000 + ₹ (-) 500
Value of Output = ₹ 15,500
Gross Value Added at Market Price = Value of Output – Intermediate Cost
Gross Value Added at Market Price = ₹ 15,500 – ₹ 8,000
Gross Value Added at Market Price = ₹ 7,500
Net Value Added at Market Price = Gross Value Added at Market Price – Depreciation
Net Value Added at Market Price = ₹ 7,500 – ₹ 1,000
Net Value Added at Market Price = ₹ 6,500
Anurag Pathak Changed status to publish November 11, 2023
