Question
Amit sold an article for ₹369.60 after allowing 12%
discount on the marked price. Had he not allowed any discount he would have earned a profit of 20%. What is the cost price of the article?Solution
Let, the marked price of the article is 100% He gave a discount of 12% ⇒ After discount selling price of the article (100 - 12) = 88% Accordingly, 88% → 369.60 ⇒ 1% → 369.60/88 ⇒ 100% → (369.6/88) × 100 = 420 Marked price of the article = Rs. 420 If he had not given any discount he would have gained 20% that means then discount % should be 0% MP / CP = (100 + 20) / (100 - 0) ⇒ MP / CP = 120 / 100 ⇒ 420 / CP = 6 / 5 ⇒ CP = 350 ∴ The cost price of the item is Rs. 350.
A depository requires certificate for commencement of business from _____?
As per CPC provisions every suit shall be instituted______________
No company shall issue a prospectus or make an offer or invitation to the public or to its members _______________for the subscription of its debentures...
Under Negotiable Instrument Act 1881, a negotiable instrument may be negotiated
In LLP, out of the designated partners:
Where, by the wrongful act or omission of a partner acting in the ordinary course of the business of a firm, loss or injury is caused to any third party
According to Section 37 of the Code on Wages, 2019, under what circumstances is an employer entitled to deduct a portion of the bonus payable to an emp...
Summons may be served to the defendant in ___ days from the institution of suit.
The amount of Compensation payable to the land owners as per the Coal Bearing Areas, Acquisition and Development Act, 1957 is determined by-
Do mere words amount to an assault?
