Question
An item was purchased for Rs. 1,800. It was marked up by
35% and sold after providing a discount of Rs. 360. Find the profit percentage made on the transaction.Solution
ATQ,
Marked price = 1.35 × 1,800 = Rs. 2,430
Selling price = 2,430 - 360 = Rs. 2,070
Profit = 2,070 - 1,800 = Rs. 270
Profit % = (270 ÷ 1,800) × 100 = 15%
An insurer holds a bond portfolio to collect contractual cash flows; the assets are sometimes sold to manage duration risk, though not frequently. Cash ...
What is accounting standard-3 (revised) associated with?
Which of the following financial statements shows a company's retained earnings over time?
If an employee does not make an intimation to their employer about their selection regarding the tax regime, the employer will:
According to RBI’s circular on External Benchmark Based Lending, which of the following is not listed as an eligible external benchmark?
Input = 10,000 units @ ₹20/unit, Normal loss = 10%, Scrap value = ₹2/unit. What is cost per unit of output assuming no abnormal loss?
BankCo holds debt securities:
• Portfolio A: Government bonds held to collect contractual interest/principal.
• Portfolio B: Corporate...
A company purchases a fixed-income security that provides interest on a half-yearly basis. The interest is accrued but not yet received at the balance s...
According to the Companies Act, 2013, every listed company must constitute an Audit Committee. Which of the following is not a role of this committee?
What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a normal disability?
