Question
Kailash went to purchase a chimney, the shopkeeper told
him to pay 26% tax if he asked the bill. Kailash manages to get the discount of 12% on the actual saleprice of the chimney and he paid the shopkeeper Rs. 5280 without tax. Besides he manages to avoid to pay 26% tax on the already discounted price, what is the amount of discount that he would have got?Solution
Let CP = Rs.100, SP (with tax) = Rs.126 New SP = 100 – 12 = Rs.88 Effective discount = 126 – 88 = Rs. 38 So, at SP of 88 ≡ discount = 38 At SP of 5280 ≡ discount = 5280 × 38 /88 = Rs.2280
MNO Ltd got its bond rated by a credit rating agency. The rating given to the bond was lsquo;AA-lsquo;. What does this rating indicate?
Which of the following financial management practices is most critical for MSMEs to ensure financial sustainability in a competitive market?
...What does "Infrastructure lending" include as a part of the project finance package as per RBI guidelines for NBFCs?
Which organization launched the World Migration Report 2024?
State whether the following statements are true/false:
1 LIFO method of pricing of materials is more suitable when material prices are rising
...Which Indian institution plays a leading role in overseeing the Sovereign Gold Bond (SGB) Scheme?
Two primary qualitative characteristics of financial statements are
According to the circular on KYC amendments, politically exposed persons (PEPs) fall under enhanced due diligence requirements. Which of the following i...
Which of the following is not a requirement for an entity to be eligible to set up a payment bank in India?
The Risk of prepayments of loans and bonds and or premature withdrawal of deposits is called ________
Relevant for Exams:
