Question
The marked price of two items, 'S' and 'R,' is
identical. Item 'S' is sold with a single discount of 18%, while item 'R' is sold with two successive discounts of 10% and 20%. The difference in the selling prices of the two items is โน400. Additionally, the combined cost price of both items is โน4000. Determine whether there is an overall profit or loss from selling both items and by how much.Solution
Let the marked price of both the items be Rs. 100a So, selling price of item 'S' = 100a X 0.82 = Rs. 82a Also, selling price of item 'R' = 100a X 0.9 X 0.8 = Rs. 72a ATQ, (82a - 72a) = 400 Or, 10a = 400 So, 'a' = 40 So, total selling price = Rs. (82a + 72a) = Rs. 154a = Rs. 154 X 40 = Rs. 6160 Therefore, overall profit on selling both items = 6160 - 4000 = Rs. 2160
What is the minimum duration for which a small account can remain operational after opening without furnishing an Officially Valid Document (OVD)?
In the context of banking, 'Credit Risk' refers to the risk of:
Which of the following is not allowed in small accounts?
The Pradhan Mantri Mudra Yojana completed 10 years of its launch. The government introduced a new category under this scheme to cover loans between โน1...
"CASA" ratio in banking stands for:
Monetary policy in India is formulated by:
A bankโs Profit before appropriations = โน20 crore. Statutory reserve requirement is 25%. The bank also transfers โน2 crore to Investment Fluctuatio...
Which portal monitors outstanding dues to MSEs?
A borrower has defaulted on a term loan for over 90 days. The bank categorizes the account as an NPA. Later, the borrower partially repays the overdue a...
Which of the following is a tool for managing interest rate risk?