Question
Harry paid a total of Rs. 800 for a set of different
mock tests. How many of the mock tests cost Rs. 40? I. Each Mock Test costs either 25 or 40 II. More than 4 Mock Tests cost Rs. 40Solution
From I, we get Let number of mock tests for Rs. 25 be x And number of mock tests for Rs. 40 be y Then, 25x + 40 y = 800 5x + 8y = 160 X = 32 - 8y/5 Since x is the number of mock tests for Rs. 25, it has to be a positive integer Thus, y can take the values 0, 5, 10, 15, 20 According to statement II, more than 4 mock Tests cost Rs. 40. Values of y more than 4 are: 5,10,15 and 20. Thus, we cannot find out the exact number of mock tests costing Rs. 40.
Which IND AS governs accounting for insurance transactions in India?
Which of the following is an example of an intangible asset?
Stock on 1st Jan = ₹1,00,000
Purchases = ₹2,50,000
Sales = ₹3,00,000
Gross Profit = 25% on sales
Stock destroyed in fi...
In government project accounting (like infrastructure projects), revenue recognition may use percentage-of-completion method. Which of the following bes...
A company makes the following purchases during a month: 100 units at ₹10 each on 1 July and 200 units at ₹12 each on 14 July and later, on 25 July, ...
A trucking company purchases a delivery truck for ₹12,00,000. It expects the truck to deliver 3,00,000 km over its life and have a salvage value of �...
Match the following:
Which of the following is NOT a type of insurance?
Expiration of cost of intangible assets is referred to as:
Zero-Based Budgeting (ZBB) requires:
Relevant for Exams: