Question
The consistency principle states that, once you adopt an
accounting method, you shall continue to follow that in future accounting periodsSolution
The correct answer is A
A shopkeeper give 4 articles free on the purchase of every 12 articles. He also allows a discount of 25% to customer and still earns 20% profit. Find th...
- Cost price of a CPU is 12.5% less than the marked price of tablet which is 36% less than the marked price of the CPU. The tablet is sold at 20profit after ...
The ratio of cost price to the marked price of an article is 5:8. The article had been marked above its cost price by Rs. 432. If the article was sold a...
A shopkeeper sold an article at marked price and got a profit of 70%. If he had given a discount of 30%, then find his new profit percent.
An article was sold after offering 25% discount on its marked price such that the seller incurred a 20% loss. Find the ratio of cost price to the marke...
The ratio between the cost price of product G and H is 8:7 respectively. Each of the products was marked 25% above its cost price. If the MRP of product...
A store owner sells two products, E and F. She makes a 10% profit on product E costing Rs. 1000. If the combined profit percentage for the two products ...
A merchant sold a gadget incurring a 30% loss. If he had marked up the price by 20% and then given a 15% discount, he would have earned Rs. 120 more. Fi...
A shopkeeper sells an article for Rs. 506, earning a profit of 15%. If the same article is sold for Rs. 396, what would be the profit or loss percentage?
‘A’ and ‘B’ started a business by investing certain sum in the ratio 13:5, respectively for 6 years. If 10% of the total profit is donated in an...
