Calculate ‘Sales’ from the following data Subsidies ₹ 200 Opening Stock ₹ 100
Calculate ‘Sales’ from the following data:
| Particulars | ₹ 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 |
Ans – ₹ 5,000 lakhs
Anurag Pathak Changed status to publish December 21, 2023
Solution:-
GDP at MP = Net Value added at Factor Cost + Consumption of fixed Capital + Net Indierct tax (Indirect tax – subsidies)
GDP at MP = ₹ 2,000 + ₹ 700 + (₹ 0 – ₹ 200)
GDP at MP = ₹ 2,500 lakhs
GDP at MP = Value of output – Intermediate Consumption
₹ 2,500 = Value of output – ₹ 3,000
Value of Output = ₹ 2,500 + ₹ 3,000
Value of Output = ₹ 5,500 lakhs
Value of Output = Sales + Change in Stock (Opening Stock – Opening Stock)
₹ 5,500 = Sales + (₹ 600 – ₹ 100)
Sales = ₹ 5,500 – ₹ 500
Sales = ₹ 5,000 lakhs
Anurag Pathak Changed status to publish November 11, 2023
