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Calculate gross value added at market pr...

Calculate gross value added at market price:
(i) Goods and services tax 30
(ii) Sales 800
(iii) Depreciation 50
(iv) Net change in stocks (-)40
(v) Purchase of raw materials 360
(vi) Corporate tax 10

Text Solution

Verified by Experts

`GVA_(mp)=ii+iv-v`
`=800+(-40)-360`
=rs 400lakh.
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