Question
Cost price of a bag is Rs.700. The shopkeeper marked it
80% above the cost price and sold it after giving a discount of 25%. If the shopkeeper had sold it at a profit of 40%, then find the difference between original and new selling price of a bag.Solution
Original selling price of a bag = (180/100) × (75/100) × 700 = Rs.945 New selling price of a bag = (140/100) × 700 = Rs.980 Required difference = 980 – 945 = Rs.35
A firm has a current ratio of 2.5 and quick ratio of 1.2. Its current liabilities are ₹4 lakh. What is the value of inventory?
What is Bank Overdraft?
Consider the following for Q Co. for the year 2021-22:
• Cost of goods available for sale: ₹1,00,000
• Total sales: ₹80,000
Calculate margin of safety from the following information.
Output = 160000 units
Fixed overheads = Rs. 8,00,000
Variable overhead =...
An arrangement between two insurance companies whereby one transfer is a part of risk to other company is called?
 Calculate EOQ from the data given below and select the correct answer from the options given below:
What is the portal on which an entity needs to register as an MSME?
U/s 208, it is obligatory for an assessee to pay advance tax where the tax payable is
What is the lock-in period for ELSS (Equity Linked Savings Scheme) to be eligible for a deduction under Section 80C of the Income Tax Act in India?
Which of the following statement is incorrect?
Relevant for Exams:
