Question
Ratio of number of book to number of pen sold by a
shopkeeper is 13:8, respectively, while ratio of number of pen to number of pencil sold by the same shopkeeper is 4:13, respectively. If price of each book, each pen and each pencil is Rs. 40, Rs. 20, and Rs. 10 respectively then revenue generated by shopkeeper is Rs. 20680. Find the number of pen sold by shopkeeper.Solution
Given: Books : Pens = 13 : 8 Pens : Pencils = 4 : 13 Let Books = 13k and Pens = 8k Also, Pens = 4m and Pencils = 13m Equate Pens: 8k = 4m m = 2k So Pencils = 13m = 13(2k) = 26k Now revenue: Revenue = 40(B) + 20(P) + 10(C) = 40(13k) + 20(8k) + 10(26k) = 520k + 160k + 260k = 940k Given revenue = 20680: 940k = 20680 k = 20680 / 940 = 22 Pens sold: P = 8k = 8 × 22 = 176
Which is not a method of overhead apportion mechanism?
If there exists a specific sports fund, the expenses incurred in relation to sports activities will be taken to:
Which of the following financial statements shows a company's assets, liabilities, and equity at a specific point in time?
Which report is issued after completion of statutory audit of a PSU?
A software company provides license + 2 years of updates and support. How should revenue be recognised?
Under which method are extraordinary items presented separately in the statement of profit and loss?
A company has a standard direct material cost of ₹10 per unit. Actual cost incurred was ₹12 per unit for 1,000 units. 950 units were actually produc...
The primary objective of Cash Management is to:
Which accounting treatment is appropriate for assets given on finance lease (lessee perspective) under Ind AS?
Amount paid for stationery during 2022-23        ₹ 80,000
Creditors for Stationery on March, 31, 2023       ₹ 7,...
Relevant for Exams:
