Question
A fruit seller sells apples at a profit of 20% and
oranges at a loss of 10%. If the ratio of apples to oranges sold is 3:2 and the overall profit is rupees 60, what is the total cost price of the fruits?Solution
ATQ, Let the cost price of apples be 3x and oranges be 2x. Profit on apples = 20% of 3x = 0.6x. Loss on oranges = 10% of 2x = 0.2x. Net profit = 0.6x - 0.2x = 0.4x 0.4x = 60 x = 150. Total cost price = 3x + 2x = 750. =750
 Calculate EOQ from the data given below and select the correct answer from the options given below:
FEMA, 1999, replaced which of the following previous legislations?
The amount of depreciation goes on declining every year, in case of:
On dissolution, A’s capital = ₹50,000, B’s capital = ₹30,000. Cash realised = ₹60,000. Creditors = ₹20,000. Loss on realisation is shared eq...
What is the primary purpose of GSTR-1 in the GST (Goods and Services Tax) system?
As an auditor you came across a situation where related party transactions have taken place. Which AS deals with it?
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
How many digits are there in an IFSC code used to transfer money using NEFT?
Fill in the blanks by selecting appropriate word/s the List II.
List I:
1.   The _________ ratios are primarily measures of retu...
As per AS 10 (Revised) ‘Property, Plant and Equipment’, an enterprise holding investment properties should value Investment property:
