Question
The price of a product P was increased by 60% and then
decreased by 25%. After these changes, the prices of products P and Q are in the ratio 9:7. If the difference between their prices is Rs. 64, what was the initial price of product P?Solution
ATQ,
Let initial price of P = x After +60% and -25% → final price = 1.6x × 0.75 = 1.2x Given ratio P:Q = 9:7 and difference = 64 ⇒ 2 parts = 64 ⇒ 1 part = 32 ⇒ P(final) = 9×32 = 288 So 1.2x = 288 ⇒ x = 240 Initial price of P = Rs. 240
Idle time can be normal or abnormal. Which of the following will be regarded as abnormal idle time?
Which of the following is a liquidity ratio?
As per IRDAI norms, an insurer must maintain a solvency ratio of at least 150%. If an insurer’s available solvency margin is ₹900 crore, what should...
A company manufactures two products, A and B. The contribution per unit for A is ₹50 and for B is ₹60. Each unit of A requires 4 machine hours, and ...
Materiality concept in accounting implies:
ABC Ltd. has current assets of ₹8 lakh and current liabilities of ₹5 lakh. It wants to maintain a current ratio of 2:1. How much current liability s...
What is the effect on debt-equity ratio when a company issues bonus shares?
According to money measurement concept the following will be recorded in the books accounts of the business:
What is the standard TDS rate applicable to interest on securities as per Section 193 of the Income Tax Act, 1961?
Which of the following is NOT regarded as a financing decision under financial management?
