Question
Shubham had dinner in a restaurant and got a
membership discount of 30% on the original bill amount but he has to pay 10% as service tax and 8% service charge on the discounted bill amount. If Shubham paid Rs 4,743, which included a tip of Rs 200, how much money did he gave as service charge?Solution
Let the bill after 30% discount be Rs x According to the question, (x ×118)/100 = 4,743 – 200 ⇒ (x ×118)/100 = 4,543 ⇒ x = (4,543 ×100)/118 = Rs 3,850 ∴ Service charge = (3850 × 8)/100 = Rs 308 Alternate Method: Let total amount = 100 Amount after discount = 100 – 30 = 70 Service tax = 70 × (10/100) = 7 Service charge = 70 × (8/100) = 5.6 Total = 70 + 7 + 5.6 = 82.6 Shubham paid = 4743 - 200 = 4543 Now, 82.6 ----- 4543 Then, 5.6 = (4543/82.6) × 5.6 = Rs. 308
Which among the following correctly describes Margin of Safety?
Which of the following most likely increases the wealth of shareholders?
Every business aims for effective communication. A message sent out by the Board of Directors to the management of the company will be deemed effective...
An agreement sold over an exchange to buy/sell a commodity or financial instrument at a designated future date is known as:
 A portfolio to the right of the market portfolio on the Capital Market Line is:
Bad debts Recovered `1,000 will be credited to which among the following accounts?
Who is the regulator of India International Bullion exchange?
Which need is categorized at the highest level of need as per the hierarchy given in this theory?
The project is requiring an investment of 40000 and is depreciated on a SLM basis and the Cash Inflows of the project are the following, what is the ARR...
A ___________ is a type of letter of credit which authorises the Advising Bank, to transfer the credit available to one or more other beneficiaries at t...
Relevant for Exams:
