Question
A shopkeeper sold two items. The selling price of the
first item equal the cost price of the second item. He sold the first item at a profit of 20% and the second item at a loss of 10%. What is his overall profit /loss percent.?Solution
                                           CP         SP 1st =20%=1/5                   5×5         6×5 2nd =-10%=-1/10              10×3       9×3                                                            55          57 P% =2/55) ×100 =40/11=3.63% Note -To equate the SP of 1st With CP of 2nd, take the LCM of 6 and 10.
Which of the following ratio is useful in evaluating credit and collection policies?
What is the "Indian Banks' Association (IBA)"?
According to the provisions of the Companies Act for issuing a red herring prospectus, which of the following statements is correct?
What will be the impact on the unsystematic risk of a portfolio as the number of stocks in a portfolio increases?
Depreciation is charged on __________ as per the ___________ of accounting.
Buffer stock’ is the level of stock
Which of the following is a type of pension plan where the employer agrees to pay a specified benefit to the employee upon retirement, based on a set fo...
Which of the following are not TRUE about CERSAI?
1.   CERSAI’s full form is Central Registry of Securitization Asset Reconstruction and ...
Which of the following is not a qualitative characteristic of accounting information?
Job ___________ is the process of describing jobs and arranging their interrelationships.
Relevant for Exams:
