Question : Calculate ‘Sales’ from the following data:
Net value added at factor cost = 560, Depreciation = 60, Change in stock = (-) 30, Intermediate cost = 1000, Exports = 200, Indirect taxes = 60
Option 1: 1700
Option 2: 1705
Option 3: 1710
Option 4: 1715
Correct Answer: 1710
Solution : The correct answer is (c) 1710
To calculate Sales, we can use the following formula:
Sales = Net Value Added at factor cost + Depreciation + Indirect taxes - (-Change in stock) + Intermediate cost
Given the data:
Net Value Added at factor cost = 560
Depreciation = 60
Change in stock = (-) 30
Intermediate cost = 1000
Exports = 200
Indirect taxes = 60
Sales = 560 + 60 + 60 - (-30) + 1000
Sales = 1710
Therefore, the value of Sales is 1710
