Question
___________ is the primary method used by banks to
assess the working capital requirement of a borrower .Solution
The Simplified Turnover Method is widely used by banks to assess the working capital requirements of business enterprises. It is based on the annual turnover of the business and determines the financing requirement based on a percentage of this turnover
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The shopkeeper sold the earrings at the profit of 25% and the cost price of earrings is Rs.1500. He earns x% profit on bracelet costing Rs.1250. If the ...