Question
Income of Shanu is 87.5% of the income of Govind and
Shanu together. If the saving of Govind is 30% of his income and equals to Rs. 4500, then find the difference between the incomes of Govind and Shanu. (in Rs.)Solution
Let income of Shanu and Govind be x and y respectively. ATQ, 4500 = 30% of y y = Rs. 15000 also given, x = 87.5% of (x + y) x = 7/8 × (x + 15000)   [87.5% = 7/8] 8x = 7x + 105000 x = Rs. 105000 Required difference = 105000 - 15000 = Rs. 90000
A company purchased goods worth ₹2,00,000. It availed a trade discount of 10% and cash discount of 2% (if paid within 10 days). The company paid withi...
In MS Excel, the 'VLOOKUP' function is primarily used to:
 ______ is a system that focuses on activities as the fundamental cost objects and uses the cost of these activities for compiling the costs of product...
Parent Ltd. owns 80% of Subsidiary Ltd. The subsidiary reports a profit of ₹10 lakh during the year. How much of this profit should be added to consol...
If a firm has current assets worth ₹6 crore and current liabilities (excluding bank finance) of ₹3 crore, what is the maximum permissible bank finan...
Which of the following statements is true for the Payback Period method?
Liability for the drawer for the bill discounted is a:
Calculate the Current ratio based on above information?
What is the primary function of the National Payments Corporation of India (NPCI)?
In insurance accounting, what do insurance companies set aside to account for potential claims that may arise after the closing date but within the pol...