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    Question

    Opening Stock                           

      ₹ 2,00,000 Closing Stock                                ₹ 2,20,000 Purchases during the year             ₹ 14,00,000 Goods are sold at a profit of 30% on cost. Calculate 'Revenue from operations'.
    A ₹ 24,20,000 Correct Answer Incorrect Answer
    B ₹ 18,20,000 Correct Answer Incorrect Answer
    C ₹ 17,94,000 Correct Answer Incorrect Answer
    D ₹ 20,84,000 Correct Answer Incorrect Answer

    Solution

    COGS = Op Stock + Purchases + Direct Exp – Closing Stock 200000 + 1400000-220000 = 1380000 profit is given as 30% on cost Revenue = COGS + 30% = 1380000 + 30% = 17,94,000

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