Question
Find a single discount percentage equivalent to
successive discounts of 20%, 30%, and 35% ?Solution
Total discount allowed after first 2 discounts = 20 + 30 – {(20 × 30)/100} = 44% So, required percentage = 44 + 35 – {(35 ×44)/100} =63.6 % Alternate solution: Let the marked price be Rs.100x So, selling price = 100x × (4/5) × (7/10) × (13/20) = Rs. 36.4x So, total discount allowed = 100x – 36.4x = 63.6%xRs. required percentage=(63.6x/100x) ×100=63.6%
An Indian insurer receives ₹5 crore as foreign premium from a US-based NRI. As per FEMA guidelines, how should the transaction be treated in its books...
Which of the following Provident Fund is exempt up to 12% of employee's salary, from employer's contribution?
Which entity generally initiates securitization?
The Bharat Bill payment system (BBPS) is a one-stop ecosystem for payment of all bills providing an interoperable and accessible bill payment service a...
H Ltd owns 80% of S Ltd. S Ltd made a profit of ₹10 lakh this year. There are unrealized profits in closing stock of ₹1 lakh due to inter-company sa...
What is the formula for calculating Maximum stock level?
Section 115JAA allows which of the following?
If a company operating in a different country works the manner exactly like the parent company, such orientation is called:
Financial statements of a company should be prepared as per ________ and they should give true and fair view.
The section of the companies Act, 2013 which contains provisions regarding remuneration of the auditor is: