Question
A dealer sold an article for Rs. 546 after allowing a
discount of 30% on its marked price. If the dealer suffered a loss of 22% 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 = 546 ÷ 0.7 = Rs. 780 Cost price of the article = 546 ÷ 0.78 = Rs. 700 Required difference = 780 – 700 = Rs. 80
Account Receivable Turnover ratio is calculated by
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