Question
Monthly income of P is Rs.12000 and his monthly savings
is Rs.6500. If his monthly income is decreased by 25% and monthly expenditure is decreased by 20% then find the approximate percentage decrease in his monthly savings.Solution
Expenditure of P = Rs.(12000 – 6500) = Rs.5500 New Saving = (0.75 × 12000 - 0.8 × 5500) = 9000 - 4400 = Rs.4600 Decrease % in Saving = [(6500 - 4600)/6500] × 100 = 29%
What is the main purpose of the Central KYC Records Registry (CKYCR) in India?
Which of the following is not a recognized method of conducting Know Your Customer (KYC)?
ABC Ltd. projected sales of 45000 jeans trousers for the year 2016. The estimated stock on January 1st, 2016 is 3000 units and the desired stock on 31st...
As per Companies Act 2013, Payment of Dividend is dealt U/S:
In the term MCLR, introduced by the Reserve Bank of India to replace the base rate system, what does the letter “L” stand for?
If a firm has 100 in inventories, a current ratio equal to 1.2, and a quick ratio equal to 1.1, what is the firm's Net Working Capital?
A company has sales ₹20,00,000, cost of goods sold ₹12,00,000, operating expenses ₹4,00,000, interest ₹50,000, tax 30%. Net profit after tax is:
In contract costing, 'Retention Money' refers to:
Under GST, the return that consolidates the details of all outward supplies, inward supplies, input tax credit, and tax liability for a tax period is:
Which metric is commonly used to evaluate a company’s operational efficiency?
Relevant for Exams:
