Question
Which of the following is NOT considered a core pillar
of an effective Anti Money Laundering (AML) compliance program in banks?Solution
AML compliance programs revolve around CDD, STR, record keeping, and training — not risk appetite frameworks (which are more related to enterprise risk management).
An item is sold at a profit of 35% when the profit is calculated on the selling price. What will the profit percentage be if calc...
The selling price of an article is 30% more than its cost price. Given that the ratio of the marked price to the cost price is 26:15, determine the appr...
The marked price of an air conditioner is 25% more than its cost price. It is sold for a discount of Rs. 200. If the difference between the cost price a...
The ratio of the cost price to the marked price of an article is 3:4 and the ratio of the profit percentage to the discount percentage is 4:3. Find the...
A product is sold at a profit of 10.5%. If it had been sold for Rs. 375 more, the profit would have been 22.5%. Find the selling price of the product wh...
A shopkeeper sold a school bag at a profit of 35%. Had he sold the school bag at 15% profit he would have earned Rs.148 less. Find the cost price of the...
A bag of cost price of Rs. 10000 is marked up by a certain percentage, and a discount percent of twice the markup percent is offered on it. If there is ...
- An article has a cost price of Rs. 500 and is marked 80% above its cost price. 'A' proposes to sell this article after two successive discounts of 15% and ...
A shopkeeper marks up the price of an article by 50% above its cost price. During a sale, he offers two successive discounts of 20% and 10% on the marke...
The ratio of the cost price to the marked price of an article is 2:5 and the ratio of the profit percentage to the discount percentage is 5:2. Find the...
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