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Relevance means that the information presented in the financial statements is useful and pertinent to the users' decision-making needs. It should have predictive value, confirmatory value, or both. Reliability means that the information in the financial statements is accurate and trustworthy. It is free from errors, bias, or misrepresentation, and is verifiable through independent sources.
A shopkeeper sells an article with two consecutive discounts of 10% and 20%, respectively, on a marked price of Rs. 1200. If the cost price of the artic...
A trader allows two successive discounts of 20% and 10% on selling an article. If he gets 550 for that article, find its marked price.
A shopkeeper sold a jacket for Rs. 3500 at a loss of 30%. At what price should he have sold the jacket, to earn a profit of 25%?
The cost price of two dozen bananas is Rs. 48 after selling 18 bananas at the rate of Rs. 18 per dozen, the shopkeeper reduced to rate of Rs. 12 per doz...
A person bought an article and sold it at a loss of 20%. If he had bought it at 10% less and sold it for 74 more, h would have gained 30%. Find the prof...
P purchased a book from registered store and gets 14% discount while Q purchased the same book from a roadside stall and got 18% discount. If Q paid Rs....
A tradesman marks his goods 32% above the cost price and allows his customers 10% reduction on their bills. What percentage profit does he make?
The cost price of four dozen samosas is Rs. 200. After selling 36 samosas at the rate of Rs. 72 per dozen, the shopkeeper reduced the rate and sold the ...
