Question
A person purchased diesel at Rs. 7, Rs. 10 and Rs. 14
per litre in three successive years. If he spent Rs. 3500 each year on diesel, then find the approximate average cost (per litre) paid by him in the given three successive years.Solution
According to the question, Quantity of diesel purchased by him in 1 year = (3500/7) = 500 litres Quantity of oil purchased in 2 year = (3500/10) = 350 litres Quantity of diesel purchased in 3 year = (3500/14) = 250 litres Total quantity of oil purchased in give three years = 500 + 350 + 300 = 1100 litres Total amount spent on diesel in given three years = 3500 × 3 = Rs. 10500 Required average = 10500/1100 = 9.5454 ~ Rs. 9.54
S Ltd. took a loan from the bank for 10,00,000 to be settled within 5 years in 10 equal half yearly instalments with interest. The first instalment is ...
A bank prepares a CMA report to analyse and understand the financial health of a prospective borrower . What does the form VI of CMA report relate to ?�...
What will be the net profit ratio of the company, as per the above information, for the year ended 31 March 2020?
The inter-regulatory body to strengthen the mechanism for maintaining financial stability and promoting financial sector development is _________
Every business aims for effective communication. A message sent out by the Board of Directors to the management of the company will be deemed effective...
RSP Ltd has a net profit margin of 12% and a total asset turnover of 1.2 times and a financial leverage multiplier of 1.2 times. RSP Ltd’s return on ...
Liability of partners in a partnership business is
How many Urban Cooperative Banks (UCBs) had their licenses revoked by the RBI in 2024 alone?
 Which of the following best describes financial arbitrage?
A ___________ is a type of letter of credit which authorises the Advising Bank, to transfer the credit available to one or more other beneficiaries at t...