Question
A dealer sold an article for Rs. 536 after allowing a
discount of 33% on its marked price. If the dealer suffered a loss of 20% in this transaction, then find the difference (in Rs.) between the cost price and the marked price of the article.Solution
Marked price of the article = 536 ÷ 0.67 = Rs. 800 Cost price of the article = 536 ÷ 0.8 = Rs. 670 Required difference = 800 – 670 = Rs. 130
___________ may fix remuneration of the first auditor appointed by the Board as per section 142 of the Companies Act
Which GSTR form is primarily used by businesses to summarize their monthly tax liabilities and claim input tax credits under Goods and Services Tax (GS...
Which among the following ratios is a part of Liquidity Analysis?
What type of reinsurance contract allows an insurer to cede a fixed percentage of all policies to a reinsurer in return for proportionate claims and pre...
How many minimum independent directors should a public company have whose paid up capital is Rs.10 crore?
ABC Ltd. acquired 80% of the equity shares in XYZ Ltd. on 1st April 2022 for ₹40 lakh. On the acquisition date, XYZ Ltd. had retained earnings of ₹1...
For which of the following goods, the manufacturer is not allowed to opt for composition scheme:
A company produces a single product with the following cost structure:
• Selling price per unit: ₹500
• Variable cost per unit: ₹3...
The respective normal account balances of Sales, Sales Returns and Allowances, and Sales Discounts are?
In whose favour is the Doctrine of Indoor Management?
