a trader sold an article for Rs 714/-after allowing
discount of 15%.If not allowed discount he would have make
20%profit. If so what will be thwe cost price of the article
Answer Posted / john
Article sold for RS 714 after allowing 15% discount.
Then the actual cost of the article was 840 (714*100/85)with out any discount.
Hence now his profit is rs 42.
If he would have not allowed his 15% discount then he might have sold it for rs 840 and his profit would have been 20% and the amount will be rs 168.
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What are the major responsibility's of an accountant? what are the qualities he /she requires?
what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?
Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
sir, i am working recruitment con.pvt ltd inthat one person salary will pay per month Rs.28000/- so i want to enter in our books only one salary payment or basic pay and spl.aa and others like this break up entrys we will pass please suggest
differnce between the 4.7 & 6.0 versions?
Whether setting up of diary plants comes under CMA under Farm Sector or Non Farm Sector
Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.
what is the uniform public construction cost accounting act?
Three steps for correction in BRS?
what is transposition-cum-demat?
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque
what is balancesheet adjustment a/c. what is the use of this a/c in sap fico
How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?