Question
The price of an article marked at 30% above cost price
is sold at a profit of 25%. If it were to be sold at a discount of 25%, ind the percentage decrease in the selling price.Solution
Let the cost price of the article be x. Marked price = x + 0.30x = 1.30x Now, 0.25 = (SP – x)/x SP = 1.25x SP’ = 1.30x × 0.75 = 0.975x Change in SP = (1.25x – .0975x) × 100 ÷ 1.25x = 22%
Which of the following is NOT an example of an intangible asset under AS 26?
In India, the GST is based on the dual model GST adopted in:
Which Indian Accounting Standards (Ind AS) deals with "Financial Instruments"?
What is the maximum amount of exemption that is allowed for gratuity if received at the time of retirementby an employee covered under Payment of Gratu...
What type of banking transaction allows customers to earn interest on their deposited funds and provides easy access to their money for daily expenses?
A company follows the accrual basis of accounting and recognizes revenue when the goods are dispatched, not when cash is received. However, in its final...
Which of the following is not one of the factors that play a role in charging depreciation?
Which one of the following documents is not considered as a negotiable instrument under the Negotiable Instrument Act, 1881?
Which risk disclosures are mandatorily required for financial instruments?
Who has propounded the Theory Z?
Relevant for Exams:
