Question
A trader marks the price of a product at ₹800 and
allows a discount of 15%. If the trader also pays a tax of 5% on the discounted price, what is the total amount paid by the customer?Solution
Discount = 15% of 800 = 0.15 * 800 = ₹120. Selling price after discount = 800 - 120 = ₹680. Tax = 5% of 680 = 0.05 * 680 = ₹34. Total amount paid by the customer = Selling price + Tax = 680 + 34 = ₹714. Correct answer: A) ₹714
The accounting concept that assumes a business will continue to operate for the foreseeable future is called:
Which of the following types of companies are not permitted to set up operations in GIFT City's IFSC?
Which of the following is NOT a component of the expenditure approach to calculating Gross Domestic Product (GDP)?
Why is clear communication considered a conflict prevention strategy?
Which of the following principle of HRD, the top management defining the distribution of authorities and responsibilities to the subordinates so that a ...
Which of the following statements is not correct?
As per FEMA maximun amount a resident individual can pay in India, for meeting of medical expense of a NRI close relative is __
What is the distinction between ethics and morality based on their scope?
Which of the following is not a subsidiary/associate company of SIDBI?
What recent amendment has the government made to the foreign direct investment (FDI) policy in the space sector?
Relevant for Exams:
