Question
A person marks his goods 40% above the cost price. He
sold 30% of goods at marked price, 60% of the remaining at a discount of 20% and remaining at 40% discount .What is 60% of his overall gain percent?Solution
Let there are 100 goods (articles) cost of each article be Rs. 1 Total cost of 100 articles = Rs. 100 MP of 100 articles = 100 × 140/100 = Rs. 140 30% of 100 = 30 Remaining = 100 – 30 = 70 60% of 70 = 42 Rest = 100 – 30 – 42 = 28 Total SP of 100 articles 30 × (140/100) + 42 × (140/100) × (80/100) + 28 × (140/100) × (60/100) ⇒ 42 + 47.04 + 23.52 ⇒ 112.56 Profit = 112.56 – 100 = 12.56 Profit percentage = 12.56/100 × 100 = 12.56%
Which amongst the following is not true about GANTT project management?
Which of the following is not a type of securities market in India?
A banking company has to submit to Reserve Bank under Section 25(1) of the Banking Regulation Act, a return regarding its assets in India. The frequency...
Consider the following statements about the budget estimates of fiscal year 2023-24.
1. The share of subsidies is more than the share of defen...
What is the limit of loan that is covered for guaranteecoverage under the CGTMSE scheme for MSEs?
As per the Finance Act 2023, what is the key stipulation introduced in Section 43B(h) of the Income Tax Act regarding payments to MSMEs?
Which of the following is not an exceptional item in Profit and loss account?
What is the minimum credit rating required for the issuance of Commercial Papers (CPs) and Non-Convertible Debentures (NCDs), as per the revised RBI gui...
Who authored the book titled "The Cooking of Books: A Literary Memoir"?
In India, RBI gives permission to an entity to act as authorized dealers (AD) in foreign exchange. Commercial Banks fall under which category of ADs?...
