Question
A number is initially raised by
45%, and afterward reduced by 20%. Calculate the net percentage change (whether increase or decrease) in the original number.Solution
ATQ,
Let the number be '100n' Final number = 1.45 × 0.8 × 100n = '116n' So, required percentage = [(116n - 100n) ÷ 100n] × 100 = 16% increase
The return forgone for the undertaking an investment is known as?
Who is called father of modern accountancy who also described the duties and responsibilities of auditor?
What is the maximum limit for insurance coverage provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India?
What type of reinsurance contract allows an insurer to cede a fixed percentage of all policies to a reinsurer in return for proportionate claims and pre...
Interest payable u/s 234C is computed at
According to Payment of Bonus Act 1965, what is the minimum bonus in case of an adult payable?
A company buys a machine from the US at $50,000 when $1 = ₹70. On balance sheet date, $1 = ₹75. How is this change treated?
An assessee liable to pay advance tax is not liable to pay interest u/s 234B if the advance tax paid by him is not less than
The policy of "anticipating no profits and providing for all possible losses" arises due to:
Which of the following statements about a Ceding Company in insurance is true?
Relevant for Exams:
