Calculate Gross Sales Question




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    Calculate Gross Sales Question

    by K.udaya Sankar Sarma
    (Hyderabad)

    (Rs = Rupees = Indian currency)


    Opening stock Rs.30000,
    Closing stock Rs.40000,
    Purchases Rs.560000,
    Returns outward Rs.15000,
    Returns inward Rs.20000,
    Carriage inward Rs.5000.

    If the gross profit is 20% of net sales, calculate the gross sales (show your calculations).

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