• # question_answer 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

 $NV{{A}_{FC}}$ = 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.