Question
The ratio of cost price and selling price of a shirt is
5:6 respectively. The shirt was marked up by 25% above its cost price, and sold after giving Rs.60 discount. Find the cost price of the shirt.Solution
Let the Cost price and Selling price of the shirt be Rs. 5x and 6x respectively. According to the question, => 1.25 × 5x – 60 = 6x => x = 60/0.25 = 240 Therefore the cost price of the shirt = 5x = Rs.1200
Voucher relates to _________.
ABC Ltd., a manufacturing company, undertook a series of transactions during the financial year 2024–25. It purchased a new plant worth ₹1,000 lakh ...
Entity owns a building, part leased to tenants, part used for admin. How should it account?
Under PMEGP, what is the maximum subsidy percentage available for beneficiaries belonging to SC/ST/Women/NER categories?
"Anticipate no profit and provide for all possible losses". It is based on the convention of:
Read the following information to answer the below questions:
While determining the Material Cost, _______ is not deducted from the purchase price.
It is treated as interest and finance charges. It is ignored.
With amortized loans, such as a mortgage, which of the following statements is correct?
Journal entry is not made for which of the following?
When was the Government e-Marketplace (GeM) launched in India?
Relevant for Exams:
