Question
A shopkeeper marks up an item by 25%. If he
increases the discount from 25% to 12%, the profit will decrease by Rs. 50. Find the selling price of the item in order to earn a profit of 60%.Solution
Calculate Economic order quantity from the following data.
Annual consumption = 10,000 units
Carrying cost = 8%
Cost per unit = Rs....
A type of market in which securities with less than one year maturity are traded, is classified as
 Which of the following ratios is very important to assess the eligibility of a borrower for a Term Loan?
Which of the following is responsible for appointing auditors of government 5 companies?
A firm purchased goods for ₹50,000 and spent ₹2,000 on its freight. If the firm returned goods worth ₹5,000, what is the net purchase cost to be d...
As per AS 9 (Revenue Recognition), revenue from sales of goods should be recognized when:
AS 20 is related to:
A company purchased machinery for ₹10,00,000 on 1 April 2021. The machine has a useful life of 5 years, and depreciation is charged using the straight...
Which of the following is a limitation of an Internal Audit?
A claims processing unit uses a mix of clerks and analysts. Budget: 60% clerks (₹200/hr), 40% analysts (₹500/hr) for 10,000 hours. Actual: 55% clerk...
