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Calculate 'Sales' from the following dat...

Calculate 'Sales' from the following data:
`{:(,"(Rs 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"):}`

Text Solution

Verified by Experts

`GDP_(MP) = NDP_(FC)-` Subsidies + Depreciation
`= 2000 - 200 + 700`
`= Rs 2,500` lakhs
Now,
`GDP_(MP)` = Sales + (Closing Stock - Opening Stock) - Intermediate Consumption
or, Sales
`= GDP_(MP)` - (Closing Stock - Opening Stock) + Intermediate Consumption
`= 2,500 - (600 - 100) + 300`
`= Rs 5,000` lakhs
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