Question
Identify the item from the list below that is typically
not considered a current asset due to its nature:Solution
Accounts Payables are classified as a current liability rather than a current asset because they represent amounts owed to suppliers or vendors, contrary to assets that are resources owned by a company. They are also called as sundry creditors.
A shopkeeper marks the price of an item 40% above its cost price and then offers a discount of 25% on the marked price. If the shopkeeper still earns a ...
A shopkeeper sold an article A at 20% gain and another article B at 20% loss. Find her overall gain or loss percent if selling price of both articles we...
If the selling price of an article is Rs. 540 and the cost price is Rs. 450, what is the profit percentage?
A man bought an article at a certain price, marked it 32% above the cost price and sold it after giving a discount of 25%. If he had bought it for 20% l...
The profit gained from selling a product for Rs. 9,500 equals the loss when the product is sold for Rs. 6,300. If the cost price of the product had been...
‘A’ and ‘B’ started a business by investing Rs.7500 and Rs. 9000, respectively. 4 months later, ‘C’ joined them with...
Marked price of an article is Rs.1000 more than the cost price. When the same article is sold at a discount of Rs.100, the profit percent earned is 15%....
A bought an article at 25% less of the marked price and sold it at 20% more than the marked price. Find the profit earned by him.
The ratio of the cost price and marked price of an article is 5:9, respectively. The article is sold after giving a discount of Rs. 900 such that there ...
The item "Butter" is marked up by Rs. 490 above the cost price. Subsequently, a discount is applied, resulting in a 12% profit for the entire transactio...
Relevant for Exams:
