Question 3

Note:

1. No need to enter currency symbol like Rs, $ and so on

2. No need to enter comma between values

3. No need to enter % sign, if answer is in %

4. No need to enter % value in decimal like do not put 0.12 instead of 12.

5. If the answer is in decimal so enter the value in 2 decimal places (2 digits after point)

Please read instruction carefully before enter the value in input box, otherwise teacher will not be responsible for any consequences

Below are given selected data of Ali & Co. during January 2013:

Sales ? Less: Cost of Goods Sold Add: Merchandise (Opening) (1/10 of sales) ? Add: Purchases ? Add: Transportation in ? Less: Purchases return (5,000) Less: Purchases discount (5,000) Net Purchases ? Goods Available for Sales ? Less: Merchandise Closing (2 times of Merchandise Opening) (?) Cost of goods sold (60% of sales or 0.80 of purchases) (?) Gross Profit 40,000

REQUIRED:

To calculate the following Information:

1. Sales Rs.

2. Merchandise Opening Rs.

3. Purachses Rs.

4. Transportation in Rs.

5. Net Purchases Rs.

6. Goods Available for Sales Rs.

7. Merchandise Closing Rs.

8. Cost of goods sold Rs.