Question
The ratio of the cost price and marked price of an
article is 3:7, respectively. The article is sold after giving a discount of Rs. 800 such that there is a profit of 50%. Find the amount by which the article is marked up above its cost price. ÂSolution
Let the cost price and marked price of the article be Rs. 3x and Rs. 7x, respectively Therefore, selling price of the article = 1.5 × 3x = Rs. 4.5x According to the question, 7x – 4.5x = 800 Or, x = 800/2.5 = 320 Therefore, amount by which article is marked up above its cost price = 7x – 3x = 4x = Rs. 1280
As per the Transfer of Property Act, what are the rights and liabilities of the lessor?
Which of the following section of The Partnership act, 1932 defines 'business' ?
Which one of the following sections of the Indian Penal Code relates to punishment for voluntarily causing hurt on provocation?
According to the Bhartiya Nagarik Suraksha Sanhita, what does "investigation" include________________
In which of the following cases, Supreme Court reaffirmed a Muslim woman's claim to alimony and declared that everyone, regardless of religion, is subje...
When is an offence under Section 138 of Negotiable Instruments Act 1881 compoundable?Â
“A legal mechanism used to resolve disputes through the aid of a neutral third party given the authority of making a legally binding decision.” Is: ...
Precept is issued by___ to __.
Which of the following is incorrect with respect to the information that are required to be incorporated in the Memorandum of Association of a Company?
Under Negotiable Instrument Act 1881, a negotiable instrument may be negotiatedÂ
Relevant for Exams:
