Question
Kailash went to purchase a chimney, the shopkeeper told
him to pay 26% tax if he asked the bill. Kailash manages to get the discount of 12% on the actual saleprice of the chimney and he paid the shopkeeper Rs. 5280 without tax. Besides he manages to avoid to pay 26% tax on the already discounted price, what is the amount of discount that he would have got?Solution
Let CP = Rs.100, SP (with tax) = Rs.126 New SP = 100 – 12 = Rs.88 Effective discount = 126 – 88 = Rs. 38 So, at SP of 88 ≡ discount = 38 At SP of 5280 ≡ discount = 5280 × 38 /88 = Rs.2280
Compute the Total Assets to Debt Ratio from the following information:
Share Capital: ₹12,00,000
Reserves and Surplus: ₹8,00,000
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