Question
The cost price of article A and B is Rs. ‘X’ and Rs.
(X + 750), respectively. Article A is sold at 20% profit while article B is sold at 10% loss. If selling price of article B is Rs. 120 more than that of article A and article B is sold after giving a discount of 20%, then find the marked price of article B.Solution
Selling price of article ‘A’ = x × 120% = Rs. 1.2x Selling price of article ‘B’ = (x + 750) × 90% = Rs. 0.90x + 675 According to the question, 0.90x + 675 – 1.2x = 120 675 – 120 = 0.3x 0.3x = 555 x = 1850 Selling price of article ‘B’ = 0.90 × 1850 + 675 = Rs. 2340 Marked price of the article ‘B’ = 2340/90 × 100 = Rs. 2925
Under Section 11 of the Indian Contract Act, which of the following conditions must be met for a person to be considered legally competent to enter into...
How often is the appropriate government required to review and revise the minimum rates of wages under the Minimum Wages Act?
Which of the following Administrative Ministry are responsible for the implementation of Fruit Products Order, 1955?
Sedition means_______________
The process of incorporation of LLP involves three steps. They are______.
The assets in India of every banking company at the close of business on the last Friday of every quarter or, if that Friday is a public holiday at the...
In case of___________________ it was held that the object of this provision is to prevent courts of concurrent jurisdiction from simultaneously entertai...
As per the Companies Act, what is the minimum threshold of fraud that attracts imprisonment and a fine?
The duties of the interim resolution professional as per the IBC are ______________
Which companies cannot make political contributions and under section 182 of the Companies Act?
Relevant for Exams:
