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
- 5833 Views
- I also Faced
- E-Mail Answers
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
All shot cut key use in the tally software & it's uses
EXPAND___________INMA
What is functional area,trading partner in sap fico
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
What is the content of purchase order? n content of voucher? what is the main use of voucher.
What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?
Short Answer on -----Trade mark
difference between vat 47 & vat 49
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
what is the procedure for issuing th C form
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry
Expand--------TOS
Name the Accounting Concepts
What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry
