Question
The marked price of an article is Rs. 400 more than its
cost price. The article is sold at 25% discount such that the seller earns a profit of Rs. 25. Find the marked price of the article.Solution
Let the cost price of the article be Rs. x. Then, marked price of the article = Rs. x + 400 Selling price of the article = 0.75 (x + 400) (given that discount is 25%) ATQ; 0.75 × (x + 400) = x + 25 Or, 0.75x + 300 = x + 25 Or, 0.25x = 275 So, x = 1100 So, marked price of the article = 1100 + 400 = Rs. 1500
Within how many days should payment to an MSME supplier be made to allow it as an expense, for the computation of income under Income Tax Act?
Sensitivity Analysis is useful in decision making because __________.
What is the primary purpose of the "Canon of financial propriety"?
According to ISA 500, the strength of audit evidence is determined by which two qualities?
What is the minimum number of directors which a One Person Company can have?
An Indian citizen who stays in India for less than how many days during a financial year is considered a Non-Resident Indian (NRI)?
As per section 9(1) of CGST Act, 2017, Central Tax on intra-State supplies shall be levied on the transaction value. This value is determined as per of...
According to section 11 of the Indian Contract Act agreement with a minor is:
Which among the following is a Progressive Tax?
 Interest for default in payment of installments of advance tax is levied u/s
Relevant for Exams:
