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
- 5 Answers
- 5819 Views
- I also Faced
- E-Mail Answers
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 |
Acquired shares of X company worth 100000, company declared 10% as dividends, but not paid to u. Now what entry u pass while purchasing those shares, what entry u pass when company declared dividents but not paid, and what entry u pass when u receive the dividend..?
What is Ledger
what is the cost and financial accounting? what is double entry system ?
let me know the meaning of Drawer,Drawee and payee of the cheque
11 Answers Bank Exams, Banking,
if 9+3=722,5+7=536,8+6=845,4+4=613,then what is 7+2=???
what is the journal entry for accumulated depreciation
Expand------BIFR
Expand ------SAD
Golden rule for Nomianal Account?
what is the jornal entry for repairs
What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?
what is meant by cost accounting? How it is different from financial accounting
Audit 
