Question
A trader purchased certain articles for 155,000. He sold
some of articles for 200000. The average percentage of gross margin is 25% on cost. Opening stock of inventory at cost was 30,000. Calculate the cost of closing inventory as per AS 2.Solution
Cost of the item sold: 200000/125*100 = 160,000 Purchase price and opening stock are given in question: 155000 + 30,000 = 1,85,000 So out of 185,000 we have sold 160000 worth of articles Closing stock: 1,85,000 – 1,60,000 = 25,000
A, B, C, D, E, F and G are sitting around a circular table facing the centre (but not necessarily in the same order).
G sits to the immediate lef...
A question is given, followed by two statements labelled I and II. Decide which of the statements is/are sufficient/necessary to answer the question and...
If ‘+’ means ‘−’, ‘−’ means ‘×’, ‘×’ means ‘÷’ and ‘÷’ means ‘+’, what will come in place of ‘?’ in the foll...
Study the given pattern carefully and select the number that can replace the question mark (?) in it.
First row: 19, 6, 37
Second row: 21,...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...
A group of friends met at a club 15 days ago and promised to meet again after 36 days. If today is Saturday, on which day will the friends meet again?
Three statements are followed by conclusions numbered I, II. You have to consider these statements to be true, even if they seem to be at variance with ...
18 Kishor starts from Point A and drives 36 km towards east. He then takes a right turn, drives 34 km, turns right and drives 39 km. He then takes a rig...
Select the correct combination of mathematical signs that can sequentially replace the * signs and balance the given equation.
42 * 27 * 3 * 84 * 2 * 3
A man starts from point A and walks 12km towards East. He turns right and walks 4km; turns right again and walks 8km. He then takes another right an 7km...
