Question
The rebate offered on a microwave oven is Rs. 1800,
which is Rs. 900 lower than the gain made on its sale. If the purchase cost of the microwave is Rs. 1500, what is the mark-up percentage on it?Solution
ATQ,
Given,
Discount = Rs. 1800, Cost price = Rs. 1500 Also, profit earned = 1800 + 900 = Rs. 2700 Selling price = 1500 + 2700 = Rs. 4200 So, Marked price = 4200 + 1800 = Rs. 6000 So, required percentage = {(6000 - 1500) / 1500} × 100 = 300%
In the framework of monetary policy, central banks employ various tools to manage liquidity and control inflation within the economy. One such tool invo...
Consider the following statements about Commercial Paper (CP):
1. It is a short-term, unsecured promissory note.
2. Only companies with a ...
What is the minimum threshold of debt for a bank to initiate recovery proceedings under the Recovery of Debts and Bankruptcy (DRT) Act?Â
'Gearing Ratio' is another name for which of the following?Â
Under 'Assignment', which of the following is usually transferred to the bank?Â
In the modern business environment, the concept of Corporate Social Responsibility (CSR) has become a significant aspect of corporate governance. This c...
What is the 'Base Rate' system replaced by for new loans since 2016?Â
Consider the revised MSME classification (effective July 2020) and evaluate these statements:
1. The distinction between manufacturing and servic...
The 'Banking Ombudsman' can pass an award for compensation for mental agony/harassment up to:Â
A 'Hybrid' instrument is one that:Â
Relevant for Exams:
