Question
Ratio between marked price of article A to article B is
5:6. Shopkeeper allowed d% discount on article ‘A’ and (d + 16)% discount on article ‘B’, so selling price of both articles become equal. If shopkeeper made a profit of 25% on article A and 35% on article B and profit made on article B is Rs. 1224 more than that of article A, then find the cost price of article ‘A’ and article ‘B’ respectively?Solution
Let marked price of article A and B be 500x and 600x respectively.  According to question,  500x × (100 – d)/100 = 600x × (100 – d − 16)/100   500 – 5d = 600 – 6d - 84  ⇒ d = 16%  Cost price of article A = 500x × (84/100) × (100/125) = Rs 336x  Cost price of article B = 600x × (65/100) × (100/130) = Rs 300x   According to question,  (600x × 70/100 – 300x) – (500x × 84/100 – 336x) = 1224    120x – 84x = 1224   ⇒ x = 34  Cost price of article A = 34 × 336 = Rs. 11424   Cost price of article B = 34 × 300 = Rs. 10200
Fixed cost Rs. 80,000; Variable cost Rs. 2 per unit; Selling price_Rs. 10 per unit; turnover required for a profit target of Rs. 60,000.
 The amount payable on application on every security shall not be less than how much of the nominal amount of the security?
________ examines and evaluates a firm's or individual's financial records to derive evidence used in a court of law or legal proceeding.
Current Assets (at cost) Rs.24,00,000, Credit Sales Rs. 68,00,000, Cash Sales Rs.600,000, Sales Return Rs.2,00,000. What can be Current Assets Turnover ...
 Authorised capital of a company is Rs.5 lakh and 40% of it is paid up. What would be the tangible net-worth of the company if it reported Loss during...
What do ethics most closely relate to?
Which of the following account, having a normal balance, will be shown on the debit side of a trial balance?
Which of the following estimation doesn’t date back to India’s pre-independence era?
Compute M2 supply of money from the following data:
FIFP is the new online single point interface of the Government of India for investors to facilitate Foreign Direct Investment, what is the full form of...