12th Class Economics Solved Paper - Economics 2012 Outside Delhi Set-I

  • question_answer
    Find Net Value Added at Market Price:
    (i) Depreciation (Rs.) 700
    (ii) Output sold (units) 900
    (iii) Price per unit of output (Rs.) 40
    (iv) Closing stock (Rs.) 1,000
    (v) Opening stock (Rs.) 800
    (vi) Sales tax (Rs.) 3,000
    (vii) Intermediate cost (Rs.) 20,000

    Answer:

    Net Value Added at Market Price
    = (Units of output sold x Price per unit of output) + Closing stock - Opening stock - Intermediate cost - Depreciation
    = (ii) \[\times \] (iii) + (iv) - (v) -  (vii) - (i)
    \[=(900\times ~40)+1,000-800-20,000-700\]
    \[=36,000+1,000-21,500\] = Rs. 15,500


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