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
Answers were Sorted based on User's Feedback
Answer / g.anand
Cost price will be 700/-
as sale price after discount of 15% is 714/- ,it means sale
price without discount of 15% is 840/- ( 714*100/85) . Now
if not allowed discount he would have made 20% profit , so
cost price will be 700/- ( 840*100/120
Is This Answer Correct ? | 7 Yes | 0 No |
Answer / satyaki_raju@yahoo.com
The cost price of the article will be Rs 700/-
Is This Answer Correct ? | 5 Yes | 2 No |
Answer / deepak.k
The C P of the Article is 678 / -
Bcoz the Article value will be 714,
Trader has sold the article with an profit of 5% by saying
that the he had given a discount of 15%.
Is This Answer Correct ? | 3 Yes | 2 No |
Answer / khader ashrafi
Here the trader sells the article at5% profit(20%-15%),then
this mean that 5% is included in Rs 714/-
then apply Rate/100+Rate (714*5/105)=34Rs is profit then
the cost is 680
Is This Answer Correct ? | 3 Yes | 2 No |
Answer / 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 |
What is the defination/meaning of Mercantile Accounting?
WHAT IS CALL OPTION
what is the difference between long term debt and short term debt?
Hi friends ineed finacial analyst interview question Pls share it
What experience have you had in fixed assets accounting?
hai sir, ice factory power bill how to enter in tally. means : we are paid monthly bill through bank . how pass journal and which head of account
what is the meaning of derivative.
25 Answers Capital IQ, PAD, UBS, Unicon,
Weather Entry tax on consumable goods purchased against CST
EXPAND______________PTI
expand A C T O
please send me some previous sbi clerical interview questions to my email id....
Discuss the role of cost accounting in managerial decision making?