Question
For a mobile phone, the selling price, cost price and
marked price are in the ratio 9:6:12. If a profit of Rs. 1500 is earned, what is the discount given on it?Solution
ATQ,
Let the selling price, cost price and marked price be Rs. 9x, Rs. 6x and Rs. 12x respectively
According to the question,
Profit earned = 9x – 6x = Rs. 3x
Therefore, 3x = 1500
Or, x = 500
Therefore, discount offered = 12x – 9x = 3x = 3 × 500 = Rs. 1500
According to the stipulations for reporting fraud, when is the Statutory Auditor required to forward a report to the Secretary, Ministry of Corporate Af...
In India, the Basel III framework is implemented by:
What was the increase in India’s net Foreign Portfolio Investment (FPI) flows in FY24, the highest since FY15 as per the economic survey 2023-24?
 From the above information, calculate the operating ratio.
Which of the following statements are true regarding Pre-Packaged Resolution Process?
1. By way of a further amendment to IBC viz., IBC (Amendmen...
What is monetary base?
Consider the following Statements about Atal Pension Yojana (APY) and choose the option with correct Statements.
I- APY is open to all saving ...
Which of the following is an example of an offshore financial center?
Similar to the Stock Exchanges in IFSC, the Bullion Exchange shall be required to submit MDR (Monthly Development Report) to IFSCA on a what frequency b...
Which among the following is NOT a qualitative measure of monetary policy undertaken by the RBI in India?