Question
A shopkeeper sold an article for Rs. 300 after offering
a discount of 80%. If he earned a profit of 50%, then find the ratio of cost price to the marked price, of the article.Solution
Marked price of the article = 300 ÷ 0.2 = Rs. 1500 Cost price of the article = 300 ÷ 1.5 = Rs. 200 Required ratio = 200:1500 = 2:15
What initiative was launched by SIDBI in 2018 to track the current state and expected outlook on the MSME sector?
Which new category has been introduced under the Pradhan Mantri Mudra Yojana to cover loans between ₹10 lakh and ₹20 lakh?
What is project financing?
In the Union Budget 2023-24, Government indicated that an Urban Infrastructure Development Fund (UIDF) will be established. This will be managed by the...
Which among the following is NOT a constituent of Tier-II capital of banks according to BASEL Accord?
Which global financial center has the largest number of financial institutions within its city limits?
Under the SARFAESI Act a who can enforce the security interest created in his favour without the intervention of the Court or Tribunal?
Which organization was set up to manage the Investor Education and Protection Fund?
According to the RBI circular, what is the minimum number of days required as the tenor for issuing Commercial Papers (CPs)?
Calculate Rate of Return on Equity shareholders fund: