Calculate 'sales' from the following data: | |
(Rs in lakhs) | |
Intermediate costs | 700 |
Consumption of fixed capital | 80 |
Change in stock | (-) 50 |
Subsidy | 60 |
Net value added at factor cost | 1300 |
Exports | 50 |
Answer:
\[NV{{A}_{FC}}\] = Rs 1,300
\[GD{{P}_{MP}}\] = \[NV{{A}_{FC}}\] - Subsidies + Consumption of fixed capital \[=1,300-60+80=Rs.\text{ }1,320\]
Also, we know that:
\[GD{{P}_{MP}}\] = Sales + Change in stock - Intermediate Cost Sales = \[GD{{P}_{MP}}\] - Change in stock + Intermediate Cost
\[=1,320-(-50)+700\]
i.e. Sales = Rs 2,070 Lakhs.
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