Question
A shopkeeper originally priced an item at 60% above its
cost price and then offered a 15% discount before selling it. If the shopkeeper had initially marked the item at 75% above the cost price and offered a 20% discount, they would have made Rs.130 more in profit. The question seeks to find the selling price of the item, considering the shopkeeper's goal of achieving a 22% profit.Solution
ATQ, Let, cost price of the item is Rs. ‘a’ Selling price of the item when it was marked 60% above the cost price and sold after giving a discount of 15% = 0.85 × 1.60 × a = Rs. 1.36a Selling price of the item when it was marked 75% above the cost price and sold after giving a discount of 20% = 0.80 × 1.75 × a = Rs. 1.4a So, 1.4a – 1.36a = 130 Or, 0.04a = 130 Or, a = 3250 Required Selling price = 1.22 × 3250 = Rs.3965
In a job order company, factory overheads are allocated using machine hours. Actual overhead = ₹5 lakh, standard overhead based on actual hours = ₹6...
Which Schedule of the Companies Act, 2013 deals with the general instructions for preparation and presentation of the final accounts of a company?
Wh ich of the following best describes "Drawing Power" in context to a Cash Credit facility given by a bank ?
What type of banking transaction allows customers to earn interest on their deposited funds and provides easy access to their money for daily expenses?
Which of the following is/are involved in Financial Management?
1. The process of acquiring and efficiently utilising financial resources
...
In a Bank Guarantee transaction, which parties are typically involved?
If the organization has redeemed its preference shares, then this transaction will be reflected in the Cash Flow Statement under which of the activities?
Which of the following represents ownership in a company?
CSR committee of a Board shall consists of ________.
Who among the following can issue Certificate of Deposits to raise short term resources?
