Question
A shopkeeper loses 15% by selling article A for Rs
212.50 and gains 35% by selling article B for Rs 1012.50. What is his overall gain percentage in the whole transaction?Solution
For article A- Given - SP=212.50, L%= 15 Now CP= 212.50×100/85 =21250/85=4250/17 CP=250 For article B= SP= 1012.50 P%= 35 CP= 1012.50×100/135 =2850/27 CP=750 Total CP =250+750=1000 Total SP=212.50+1012.50=1225 Total P=1225-1000=225 %P=225×100/1000 =22500/1000 22.5%
What are the major challenges an organisation may encounter when implementing budgetary control?Â
Which of the following represents ownership in a company?
Which of the following errors will not affect the trial balance?
While vouching purchases, an auditor notices that a supplier’s invoice is missing. What is the best course of action?
Which of the following is a direct tax?
Selling price = ₹100/unit, Variable cost = ₹60/unit, Fixed cost = ₹4,00,000. Sales = 12,000 units. Calculate sales amount if the desired profit is...
When will a person, who opted Composition Levy, have to pay tax in GST?
How does the purchase of a new machinery to expand production capacity impact the working capital of ABC Limited?
A hotel provides a 4-D/3-N package with the facility of breakfast. This is a ..........
How do Priority Sector Lending (PSL) compliance requirements differ between foreign banks with 20 or more branches and those with fewer than 20 branches?
