Question
A shopkeeper earns a profit of 30% by selling an
article. What would be the approximate percent change in the profit percent, if he had paid 20% less and sold at 20% more?Solution
Original profit = 30% Let the original C.P = Rs. 100 ∴ S.P = Rs.130 Now, New C.P = Rs. 80 And New S.P = 120 % of 130 = Rs. 156 ∴ New Profit % = 76/80*100 = 95% ∴ % change in profit percent = 95-30/30*100 = 65/30*100 = 216.66% approx.
What does ‘C’ in LCR stand for?
Which committee's recommendations form the basis of the modern Working Capital Assessment under the turnover method in India?
What is the purpose of the Motor Vehicles Act, 1988 with respect to insurance?
The total liability of the monetary authority of India i.e. RBI, is included in which of the following?
Which of the following credit facilities is typically used for financing the day-to-day operations of a business?
SIDBI guided the ranking model for MSME lending by CIBIL, known as the FIT Rank. What data forms the basis of this rank? Â
Which rating symbol denotes the highest degree of safety for long-term debt instruments as per CRISIL?
Which of the following is an advantage of an exchange trading system in a derivative market?
Which among the following may be defined as the cost of raising an additional rupee of capital?
Visvesvaraya PhD scheme has been initiated by the Government with an objective of enhancing the number of PhDs in the country to compete globally in th...
Relevant for Exams:
