Question
An item's label price is 40% more than its original
price. The shopkeeper manages to earn 30% profit on it. If the label price exceeds the sale price by Rs. 210, what is the cost price?Solution
ATQ,
Let the cost price be Rs. 10x
So, marked (label) price = 10x × (1 + 40/100) = Rs. 14x
Selling price = 10x × 1.3 = Rs. 13x
ATQ,
14x - 13x = 210
⇒ x = 210
So, cost price = Rs. 10 × 210 = Rs. 2100
Which organization has been selected as the National Monitoring and Implementing Unit (NMIU) for facilitating the implementation of the MSME Competitive...
Branches of an Indian bank in GIFT-IFSC can act as a ____ of India International Bullion Exchange.
A.Trading and Clearing Member (TCM)
B.T...
Which of the following is not an external factor leading to credit risk?                   Â
...What doe ‘I’ in ICAAP stand for?
From the following information, calculate the Inventory Turnover Ratio:
Net Sales: ₹4,00,000
Average Inventory: ₹55,000
Gross Loss on Sales: 10%
What does distributive justice focus on?
Which of the following is a key feature of the SARFAESI Act?
Which new category has been introduced under the Pradhan Mantri Mudra Yojana to cover loans between ₹10 lakh and ₹20 lakh?
If the expected return on the market is 18% and the expected return on a stock with a beta of 1.2 is 20%, what is the risk-free rate?
What are super normal profits made by companies due to an unprecedented event, as indicated in the para above, known as?
Relevant for Exams:
