Question
A shopkeeper sold a laptop after
giving two successive discounts of 20% and 5% while making a profit of 30%. Find the approximate cost price of the laptop if the marked price is Rs. 75,000.Solution
ATQ, Marked price of the laptop = Rs. 75,000 Selling price of the laptop = (75000 × 0.80 × 0.95) = Rs. 57,000 Cost price of the laptop = (57000/130) × 100 = Rs. 43,846.15 or Rs. 43,846
Which of the following insurance contracts is likely to have a significant insurance risk component?
Financial management is generally concerned with the procurement, allocation and control of financial resources of a concern. Its objectives can be:
...The cost incurred for an additional product is known as ________
Read the following information to answer the below questions:
Within how many days an employee can apply for gratuity from the date when gratuity becomes payable?
If rights and beneficial interest in a property is transferred but documentation and legal formalities are pending then seller & purchaser should recor...
The UCP 600 issued by the International Chamber of Commerce relates to which activity?
Under the simplified procedure for working capital finance to Micro and Small Enterprises (MSEs) with working capital limits of up to Rupees five crore,...
When the financial statements "give a true and fair view" and the organization under audit has gone in accordance with all requirements, the auditor wil...
XYZ Ltd has the following financial data:
• Inventory Holding Period: 90 days
• Receivables Collection Period: 60 days
• Paya...
Relevant for Exams:
