Question
An analysis in which the firm’s ratio values are
compared to those of a key competitor or group of competitors, primarily to identify areas for improvement is called?Solution
Benchmarking refers to the process of evaluating the firm’s accounting ratios and its financial performance with that of the competitor or a group of competitors in order to know where the entity needs to improve.
The cost of a taxi ride from Ahmedabad to Surat is Rs. 600 per person. The bus fare for one person on the same route is one-seventh of the total taxi fa...
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A dishonest dealer professes to sell his goods at cost price, but he uses a weight of 600 gm for the kg weight. Find his gain per cent.
A person bought an article and sold it at a loss of 20%. If he had bought it at 10% loss and sold it for 74 more, he would have gained 30%. Find the pro...
A shopkeeper purchases rice of two varieties ‘A’ and ‘B’ at Rs. 21 per kg and Rs. 27 per kg respectively. He mixes 1 kg of variety ‘A’ rice ...
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A seller marked an item above its cost price and allows a discount of 25% on it. On the discounted price, the seller charges a packaging price which is ...
Cost price of an article is Rs.100. Find the selling price of the article, if it is sold at two successive discounts of 20% and 30% and the ratio betwee...
