Question
The ratio of the selling prices of two articles, A and
B, is 3:4. Article A is sold at a profit of Rs. 540, and article B is sold at a loss of 10%. If the difference between the cost prices of the two articles is Rs. 1,080, find the cost price of article A.Solution
Let the selling prices of articles A and B be 3x and 4x, respectively. Cost price of article A = 3x - 540. Cost price of article B = 4x × 90/100 = 3.6x. According to the question: (3x - 540) - 3.6x = 1080. 3x - 3.6x - 540 = 1080. -0.6x = 1620. x = 1620 / 0.6 = 2700. Cost price of article A = 3x - 540 = 3(2700) - 540 = 8100 - 540 = 7560. Correct answer: c. 7560
If net profit is ₹1,20,000 and total sales is ₹8,00,000, what is the Net Profit Margin, as per Vertical Analysis?
Company reports PAT ₹10 crore, transfers ₹2 crore to General Reserve, pays interim dividend ₹1 crore, proposes final dividend ₹2 crore. Compute ...
Calculate net working capital?
What does IBNR stand for in insurance?
Any long-term capital loss can be carried forward to the next following eight assessment years and can be set off only against _______ in those years.
Standard hours for actual production = 5,000 hours; Actual hours worked = 5,500; Std rate per hour = ₹80. Calculate Labour Efficiency Variance.
The Board of Directors of a company can appoint additional director, as per the provisions of the Companies Act, 2013, if such power is conferred on th...
Drawings made by an owner belongs to:
What is the rate of TDS to be deducted in payment or credit to a resident contractor/sub-contractor other than an individual or a Hindu Undivided Family?
With respect to AS: 19 (Leases), which of the following statement is incorrect?
