Question
A man purchases some pens at a rate of 4 for ₹14 and
an equal number at a rate of 5 for ₹18. He sells all the pens at a rate of 6 for ₹20. What is his overall percentage gain or loss?Solution
Let he buys total number of pens (LCM of 4, 5, 6) = 60 (30-30 of both type) Costing of 30 pens at 4 for Rs 1 4 = Rs 105 Costing of 30 pens at 5 for Rs 18 = Rs 108 Total cost price of 60 pens = 105+108 = Rs 213 Selling price of 60 pens at 6 for Rs 20 = 200 
The party who is entitled to receive the payment of a bill of exchange is called the:
Mr. A draws a bill of exchange for ₹1,00,000 on Mr. B for 90 days. Mr. B accepts it and it is discounted by Mr. A from the bank. On maturity, Mr. B fa...
Which of the following is an example of transaction in money under GST laws
When a bill is discounted with the bank, the party that bears the loss if the bill is dishonored at maturity is the:
CSR stands for
Noting charges are recoverable from:
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the op...
Which accounting standard governs the treatment of inventories in India?
Noting charges are ultimately borne by the:
When a bill is dishonored, the drawer's account is debited in the books of the drawee because:
Relevant for Exams:
