Question
Ninety- percent of Zen company limited total sales of
6,00,000 is on credit. If the year end receivables turnover is 5, the average collection period (based on 365 days a year) and the year-end average receivables are respectively:Solution
Credit sales: 6,00,000 * 90%= 5,40,000 Receivables turnover ratio given is 5 times Receivables turnover ratio = Net credit sales / Average receivables  540000/ Average receivables = 5 So, the average receivables will be = 108000 Average collection period = Total days in year / Average receivables turnover ratio 365/5 = 73 days
A shopkeeper planned to sell 150 shirts each priced at Rs 1,250 in a particular year. Each shirt, if it had been sold at the mentioned price would have ...
'A' purchased an article and sold it to 'B' at 10% profit. 'B' marked it up by 20% above the price at which 'A' has purchased it and then sold it after ...
Anoop sold two items, A and B, at discounts of 16% and 20%, respectively. The profits he earned from selling items A and B were 2...
A shopkeeper marks his goods 50% above the CP and gives 20% discount to customer. At the time of selling the goods he uses 900gm weight instead of 1 kg....
- The marked price of a gadget is 175 percent of its cost price. If a 15% discount is offered at the time of sale, what will be the profit percentage?
A shopkeeper bought two articles for Rs. 700 each. If he sold one of them at 40% profit and the other at 25% loss, then find the difference between the ...
By offering a 35% discount on a commodity, a merchant experiences a 20% loss. The gap between the discount offered and the loss equates to Rs. 210. What...
Jagat Singh sold an article for ₹6,000 and incurred a loss. Had be sold it for ₹7,400, his profit would have been 2/3 of the amount of loss that he...
A Shopkeeper gives 2 articles free on the purchase of every 10 articles. He also allows a discount of 20% to customer and still earn 25% profit. Find th...
X labeled an item with a 60% markup on the cost price and sold it for Rs. 480 after applying a 25% discount. Calculate the percentage profit earned by X...
Relevant for Exams:
