Question
The marked price of a watch is Rs 3,025. The shopkeeper
allows a discount of 20% and gains 25%. If no discount is allowed, what would his gain percent be?Solution
MP of a watch = Rs 3,025 CP of watch = 3,025 × 80/100 × 100/125 = Rs 1,936 Total profit without discount = 3,025 – 1,936 = Rs 1,089 ∴ Gain % = 1,089/1,936×100 = 56.25% Alternate method: Net gain after Mark up of M% & discount of D % = M-D-MD/100 25= M-20+(M×20)/100 45=M-M/5 Or 45 =4M/5 or M = 56.25% So if there is no discount , profit % = Mark up % = 56.25%
In accordance with the recently published discussion paper on Introduction of Expected Credit Loss Framework for Provisioning by Banks on which of the b...
Under the revised RBI instructions on hedging foreign exchange risk, users are allowed to hedge using exchange-traded foreign exchange derivatives. How...
A bank extends fund based, non-fund based, value added and internet based services to its customers. Which among the following is not a fund based service?
What was India's external debt at end March 2024?
Calculate Capital Gearing Ratio
Treasury manager is required to work in a fast changing and competitive environment. For carrying out his activities, he has resort to certain tools and...
Which of the following is/are true about the Sub-Prime Crisis?
1) It is a mortgage crisis referring to credit default by the borrowers.
<...Consider the following statements regarding the purity of bullion:
1) The purity of bullion is measured in carats.
2) The higher the carat...
In risk management (Basel framework) advanced internal ratings-based (A-IRB) approach is used for measurement of?
A bank has granted a loan of ₹10,00,000 to a company with a 5-year tenure and an annual interest rate of 12%. What is the annual interest income from ...