Question
A trader marked an article 70% above its cost price and
sold it after allowing a discount of 40%. If the transaction resulted in a profit of Rs. 40, then find the cost price of the articleSolution
Let the cost price of the article be Rs. ‘x’ Marked price of the article = x × 1.70 = Rs. ‘1.7x’ Selling price of the article = 1.7x × 0.6 = Rs. ‘1.02x’ Profit = 1.02x – x = Rs. ‘0.02x’ ATQ; 0.02x = 40 So, x = 2000 Therefore, cost price of the article is Rs. 2000.
A negotiable certificate issued by a bank representing shares in a foreign company traded on a local stock exchange is called?
Under the revised bulk deposit guidelines for UCBs, Tier 3 and Tier 4 UCBs are allowed to raise bulk deposits only above a specific threshold. What con...
RBI increased the CRR requirement to 4.5% in May 2022. This action is expected to ________
Consider the following statements related to the Atal Pension Yojana (APY) in India:
1) APY is a social security scheme for the unorganized secto...
Which of the following Act will govern the Digital Lending regulatory framework in India?
In the context of NBFC financing , which of the following is an example of secured financing ?
Pey Jal Survekshan will serve as a monitoring tool and an accelerator for the AMRUT Mission while also fostering healthy competition among cities. Mini...
Which of the following is/are the eligibilities to participate in the Pradhan Mantri Shram Yogi Maan-Dhan Yojana?
I- The workers in the age gr...
Which of the following motivation theories suggests that individuals are motivated by the need to fulfill a hierarchy of needs, ranging from physiologic...
Which bank has been assigned the Lead Bank Responsibility for the newly formed district of Maihar in the state of Madhya Pradesh?
Relevant for Exams:
