Question
A shopkeeper buys an article for Rs 800. He marks it 50%
above the cost price and allows a discount of 20% on the marked price. Find the selling price and the profit percentage.Solution
Cost Price (CP) = 800 Marked Price (MP) = CP × (1 + 50/100) = 800 × 3/2 = 1,200 Discount = 20% of MP = (20/100) × 1,200 = 240 Selling Price (SP) = MP − Discount = 1,200 − 240 = 960 Profit = SP − CP = 960 − 800 = 160 Profit % = (Profit / CP) × 100 = (160 / 800) × 100 = (1/5) × 100 = 20% Answer: SP = Rs 960, Profit% = 20%.
A firm pays Rs. 3,00,000 as salary to partners, allowed as per deed. Book profit is Rs. 10,00,000. What is the maximum allowable deduction for partner�...
Under which section of the Income Tax Act, 1961, are the provisions related to TDS on salary mentioned?
Which ITR form is applicable for individuals having income from salary and house property?
Which of the following inventory methods would reduce tax liability during inflationary period?
Preference shareholders can vote on all the resolutions placed before the company if________________
Schedule II in the context of Goods and Service Tax deals with?
Cash withdrawn by the proprietor from the business for his personal use’ causes
Every bank has to maintain a certain % of their deposits in the form of (Gold + Cash + bonds + Securities) with themselves. This ratio is termed as:
Which of the following is a capital gain?
The total of the discount column on the debit side of a cashbook is posted to the:
