Calculate the value of ‘Sales’ from the following data Net Value Added at Factor Cost ₹ 800
Calculate the value of ‘Sales’ from the following data:
| Particulars | ₹ in Crores |
| (i) Net Value Added at Factor Cost | 800 |
| (ii) Subsidies | 40 |
| (iii) Change in Stock | (-) 70 |
| (iv) Sales | ? |
| (v) Intermediate Consumption | 450 |
| (vi) Consumption of Fixed Capital | 40 |
Ans: 1,320 Crores
Anurag Pathak Changed status to publish December 21, 2023
Solution:-
Gross Value Added at MP = Net Value Added at Factor Cost + Consumption of Fixed Capital + Net indirect tax (Indirect tax – Subsidies)
Gross Value Added at MP = ₹ 800 + ₹ 40 + (₹ 0 – ₹ 40)
Gross Value Added at MP = ₹ 800
Gross Value Added at MP = Value of Output (Sales + Change in Stock) – Intermediate Consumption
₹ 800 = [Sales + (-) ₹ 70] – ₹ 450
Sales = ₹ 800 + ₹ 70 + ₹ 450
Sales = ₹ 1,320 Crores
Anurag Pathak Changed status to publish November 11, 2023
