Question
By selling 25 metres of cloth, a trader gains a profit
equal to the cost price of 5 metres of the same cloth. What is the profit percentage?Solution
ATQ,
Let the selling price of 1 metre cloth be Rs. ‘SP’ and the cost price of 1 metre cloth be Rs. ‘CP’.
ATQ,
25 × SP – 25 × CP = 5 × CP
Or, 25 × SP = 30 × CP
Or, SP/CP = 30/25 = 6/5
Required profit percentage = {(6 – 5)/5} × 100 = 20%
Limitation act was enacted in the year:
Section 41 of the Act deals with____.
The Agricultural and Processed Food Products Export Development Authority (APEDA) was established by the Government of India under the Agricultural and...
Which of the following best represents a core principle of natural justice in administrative law?
What authority does the State Government have regarding the jurisdiction of a Commercial Court under the Commercial Courts Act?
If a fact constitutes an occasion of a fact or a relevant fact it is considered as a relevant fact. Is it covered under doctrine of res gestae?
The Information Technology Act, 2000 did not amend the provisions of which Act?
Who propounded the Sociological School of Jurisprudence which focuses on the purpose and effects of law in society?
Professional communications made under S. 126 of the Indian Evidence Act, 1872 are applicable to:
What is the maximum number of members allowed in a one-person company (OPC) as per the Companies Act, 2013?
Relevant for Exams:
