Question
A trader bought 1200 items at ₹50 each. He sold half
of them at a profit of 20%, and the remaining half at a profit of 25%. Find the overall profit percentage.Solution
Cost price for 1200 items = 1200 × 50 = ₹60,000. Selling price for first half (600 items) = 600 × 50 × 1.20 = ₹36,000. Selling price for second half (600 items) = 600 × 50 × 1.25 = ₹37,500. Total selling price = ₹36,000 + ₹37,500 = ₹73,500. Profit = ₹73,500 - ₹60,000 = ₹13,500. Profit percentage = (13,500 / 60,000) × 100 = 22.5%. Correct answer: a) 22.5%.
In light of recent regulations, how has the SEBI circular amended the handling and distribution of securities to clients by brokers? The new directive a...
In the case of a forward contract , the actual risk arises and is managed on:
The premium of ________ per annum is to be deducted from the account holder’s bank account through ‘auto-debit’ facility in one installment in Pr...
In the context of Letters of Credit, which of the following banks guarantees payment to the seller after verifying documents and fulfilling the terms of...
Which organization has been designated as the Nodal Agency for issuing guarantee cover under the Credit Enhancement Guarantee Scheme for Scheduled Caste...
Which of the techniques are not known for controlling wastages?
What does retributive justice emphasize?
As per the RBI guidelines for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC), Iinterest subvention a...
According to the Union Budget 2023-24, consider the following statements.
1. National Green Hydrogen Mission, with an outlay of 19,700 crores
Where the aggregate exposure of the banking system is ₹5 crore or more, borrowers can open current accounts with any one of the banks with which it ha...
