Question
In variance analysis, which variance helps management
identify whether quantity of materials used is efficient?Solution
Material usage variance indicates the variance due to difference in quantity used vs. standard quantity.
A and B started a business by investing sum in the ratio 3:5 respectively for 10 and 12 months respectively. If annual profit earned by B is Rs.1600, th...
Profit earned on selling an item for Rs. 4,060 is 16%. Suppose the seller wants to earn 42% profit, then determine the price at which the item should be...
Aman bought two guitars, ‘P’ and ‘Q’, with cost prices in the ratio 7:9, and sold them at a loss of 10% and a profit of 30%, respectively. If th...
A dishonest seller sells goods at 10% loss on cost price but he sells 48 grams instead of 56 grams. Find the profit or loss percentage.
Profit on selling 40 pens equals selling price of 12 books while loss on selling 40 books equals selling price of 16 pens. Also profit percentage equal...
In a business there are two partners ‘P’ and ‘Q’. ‘P’ started the business with the capital of Rs. 20000 and after 3 months ‘Q’ joined h...
B purchased 15 kg apples at the rate of 180 per kg from a wholesaler who uses a weight of 900 grams for the kg weight. B sold all these apples at 180 pe...
- A shopkeeper cheats his customer by using faulty weight and earns profit percent of 12% after selling. How much less the shopkeeper will sell when the cust...
A vendor has 2700 kg of tea. He sells a portion at 30% profit and the remaining at 20% profit. The overall profit made is 25%. Find the amount (in kg) o...
A person named 'X' purchased a mobile phone and a headphone. He sells the mobile phone at a 20% profit and the headphone at a 10%...
