Question
A man spends 30% and 18% of his monthly salary on rent
and transportation, respectively. Out of the remaining money, he spends 29% on food and 44% on entertainment. If he saves Rs. 2948.40, then find his monthly salary.Solution
Let the monthly salary of the man be Rs. βxβ. Money spent on rent and transportation = (30 + 18)% of x = Rs. 0.48x Remaining money = (x β 0.48x) = Rs. 0.52x Money spent on food and entertainment = (29 + 44)% of 0.52x = Rs. 0.3796x Remaining money left = 0.52x β 0.3796x = 0.1404x So, 0.1404x = 2948.4 x = Rs. 21000
The government securities market in India is regulated by _______
A company invests βΉ60,000 in a project that generates βΉ15,000 as net annual cash inflow. What is the payback period of the project?
Plant purchased for βΉ6,00,000. Depreciation for year = βΉ1,00,000. Closing balance of Plant = βΉ10,00,000. Opening balance was βΉ5,00,000. Calculat...
A company purchased machinery for βΉ50,00,000 on 1st April 2020. Installation cost was βΉ5,00,000. Residual value βΉ3,00,000, useful life 5 years. On...
EOQ (Economic Order Quantity) is a model used in inventory control to determine:
What is the maximum limit for insurance coverage provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India?
The audit that is made compulsory under statute is called _________.
Net Working Capital (NWC) is defined as:
ABC Ltd., a manufacturing company, undertook a series of transactions during the financial year 2024β25. It purchased a new plant worth βΉ1,000 lakh ...
A company begins construction of a qualifying asset funded partly from general borrowings. Work was suspended for 5 months due to a strike. Should borro...