Disputed MCQs ... can anyone solve this?

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Disputed MCQs ... can anyone solve this?

faizicapri
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10-14-2009, 07:55 PM

the answer of the 1st MCQ is C
C 90909
It is worked out as follows
since there is no opening stock we can easily calculate sales to purchase ratio i.e 550000/450000 = 1.2222222
now we can compute the closing stock cost as follows
50000/1.2222222 = 40909
now compute COGS i.e purchase - closing stock
450000-40909 = 409091 COGS
G.P = SALES - COGS
= 500000-409091
GROSS PROFIT= 90909

REGARDS,
Muhammad Faizan Pasha
PIPFA QUALIFIED

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Disputed MCQs ... can anyone solve this? - by faisal_ali - 10-14-2009, 07:40 AM

[No subject] - by ausmanpk2001 - 10-14-2009, 04:17 PM

[No subject] - by ausmanpk2001 - 10-14-2009, 04:26 PM

[No subject] - by faisal_desperado - 10-14-2009, 04:45 PM

[No subject] - by faisal_desperado - 10-14-2009, 04:54 PM

[No subject] - by faizicapri - 10-14-2009, 07:55 PM

[No subject] - by faisal_desperado - 10-14-2009, 08:05 PM

[No subject] - by faisal_ali - 10-15-2009, 06:48 AM

[No subject] - by faizicapri - 10-15-2009, 06:56 PM

[No subject] - by ausmanpk2001 - 10-16-2009, 03:28 AM