Question
As per AS 10 (Revised) ‘Property, Plant and
Equipment’, an enterprise holding investment properties should value Investment property:Solution
Explanation :Under AS 10 (Revised) in India, investment property must be measured using the cost model , even though its fair value must be disclosed in the notes. This differs from Ind AS 40 , where entities have the option to use fair value (disclosed but not used for measurement in AS).
The purchasing price of 275 articles is equal to the selling price of 250 articles. Find the profit/loss%.
A trader marked an article 35% above its cost price and sold it after allowing a discount of 20%. If the transaction resulted in a profit of Rs. 34, the...
The selling price of a laptop is Rs. 945. If the laptop was sold at 35% profit, then find the discount offered given that the laptop was marked Rs. 700 ...
A man purchased an article for Rs 2,000. He sold it to the first customer at a 10% loss, and the first customer then sold it to the second customer at a...
A dealer incurred a loss of 10% when he offered a 20% discount on the marked price of an article. What percentage discount should he offer on the marked...
A shopkeeper buys an article for Rs 800. He marks it 50% above the cost price and allows a discount of 20% on the marked price. Find the selling price a...
A shirt is marked 40% above the cost price and sold after a discount of Rs.126 at Rs.322. Find the cost price of the shirt.
A trader marked an item at Rs. 600 and sold it after giving two successive discounts of 25% and 10%. If he made a profit of Rs. 20, then find the cost p...
The selling price of a refrigerator is Rs. 1365. If the refrigerator was sold at 30% profit, then find the discount offered given that the refrigerator ...
If A : B = 8:3 and A is 25 more than B then find the sum of A and B.
