Question
Mohit purchased some toffees at a rate of Rs 20 for
every 50 toffees. Additionally, he bought twice as many toffees at a price of Rs 1.50 per piece. He then sold all the toffees at a rate of Rs 12 for every 20 toffees. In the end, he incurred a total loss of Rs 200. How many toffees did he purchase in total?Solution
Let the number of toffees bought at the rate of Rs 20 for 50 be "a"
Then total money invested in these toffees = 20/50 x a = 2a/5
Number of toffees brought at the rate of Rs1.50 each = 2a
Total money invested in these toffees = 1.50 x 2a = 3a
Total cost of toffees to Mohan = 2a/5 + 3a = 17a/5
Total revenue realized by selling them at 20 for Rs 12 = 12/20 x (a + 2a) = 9a/5
Overall loss is 200
So,
17a/5 - 9a/5 = 200
8a/5 = 200
a = 125
total number of toffees purchased = 3a = 375
For which of the following goods, the manufacturer is not allowed to opt for composition scheme:
If a company uses LIFO inventory method in falling price environment (prices decreasing), then:
The return forgone for the undertaking an investment is known as?
A company’s Balance Sheet includes: Equity ₹25 lakh, 10% Debentures ₹10 lakh, Land ₹20 lakh, Plant & Machinery ₹10 lakh, Inventory ₹5 lakh, ...
X, Y and Z are partners sharing profits in the ratio of 3 : 2 : 1. Y retires. X & Z agreed to share profits in the ratio of 3 : 2. Calculate gaining ratio.
Net Profit = ₹12,00,000; No. of shares = 6,00,000; 12% preference dividend = ₹1,20,000. Compute Basic EPS.
The Board of Directors of a company can appoint additional director, as per the provisions of the Companies Act, 2013, if such power is conferred on th...
An arrangement between two insurance companies whereby one transfer is a part of risk to other company is called?
Which computer application is most directly associated with automating the procure-to-pay cycle in an organization?
Consideration is ₹1.90 crore fixed plus a ₹20 lakh performance bonus if go-live is achieved in 4 months (historically achieved only 40% of the time)...