Question
What is the maximum amount of gratuity payable to the
employees under the Payment of Gratuity Act, 1972 ?Solution
Under the Payment of Gratuity Act, 1972, the maximum amount of gratuity payable to an employee is currently Rs. 20 lakhs. This limit was increased from Rs. 10 lakhs to Rs. 20 lakhs with effect from 29 March 2018, through an amendment to the Act.
If a commission of 20% is given on the marked price of a work, the publisher gains 40%. If the commission increased to 24%, then find the gain percent?
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A microwave oven was sold for Rs. 15,750 at a profit of 25%. If the microwave oven was instead sold at a loss of 9%, what would have been its selling pr...
A shopkeeper priced an item at Rs. 640 above its original cost and then sold it at a 25% discount, resulting in a 35% profit. Calculate the cost price o...
Among 120 sweets, 'p' sweets were sold for Rs. 5 each, while the remaining were sold for Rs. 'q' each. If Rs. 'pq' is added to the selling price of the ...
An article is marked 45% above its cost price and sold after offering a discount of Rs. 80 such that its selling price is Rs. 110 more compared to its s...
A purchased an article for Rs 1550. She sold the article at 8% profit. She then added Rs 355 to the amount received and purchased a purse such th...
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