Question
A company has average account receivables of Rs
120000 and annual credit sales of Rs 600000, Calculate the average collection period (assume number of days in a year to be 360)Solution
Receivable Turnover Ratio = Annual Credit Sales/ Average Receivables = 600000/120000 = 5 Average Collection period = 360/Receivable Turnover Ratio = 360/5 = 72 days 
A Publisher published 2500 books for Rs. 175000. He gave 400 books free as samples to some books shops, besides he was able to sell 2/3 rd of the remain...
A shopkeeper purchases rice of two varieties ‘A’ and ‘B’ at Rs. 40 per kg and Rs. 34 per kg respectively. He mixes 1 kg of variety ‘A’ rice ...
- An article was sold for Rs. 2100 with a profit of 40%. Calculate the percentage of profit or loss if it had been sold for Rs. 1800.
A shopkeeper marks the price of an article 40% above its cost price and then allows a discount of 25% on the marked price. What is his profit or loss pe...
'A' purchased an article and sold it to 'B' at 10% profit. 'B' marked it up by 27% above the price at which 'A' has purchased it and then sold it after ...
A shopkeeper sells an item for Rs. 360 after allowing two successive discounts of 'x%' and 20% on the marked price of Rs. 600. Find the value of 'x'.
A dealer sold an article for Rs. 1306.5 after allowing a discount of 33% on its marked price. If the dealer suffered a loss of 22% in this transaction, ...
'A' purchased an article and sold it to 'B' at 10% profit. 'B' marked it up by 30% above the price at which 'A' has purchased it and then sold it after ...
A shopkeeper sells an article for Rs 80 and earns thrice the profit that he would have earned on selling this article for Rs 69. Find the C.P of ...
A Shopkeeper gives 2 articles free on the purchase of every 10 articles. He also allows a discount of 20% to customer and still earn 25% profit. Find th...
