A shopkeeper marks up his goods by 20% and then gives a discount of 20%. Besides...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A shopkeeper marks up his goods by 20% and then gives a discount of 20%. Besides he cheats both his supplier and customer by 100 g, i.e., he takes 1100 g from his supplier and sells only 900 g to his customer. What is his net profit percentage? (Rounded off to two decimal points) 1) 24.5% 2) 17.33% 3) 25% 4) 32.5% 5) None of these A shopkeeper marks up his goods by 20% and then gives a discount of 20%. Besides he cheats both his supplier and customer by 100 g, i.e., he takes 1100 g from his supplier and sells only 900 g to his customer. What is his net profit percentage? (Rounded off to two decimal points) 1) 24.5% 2) 17.33% 3) 25% 4) 32.5% 5) None of these
Expert Answer:
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Posted Date:
Students also viewed these mathematics questions
-
A seller calculated his intended selling price at 6% profit on the cost of a product. However, owing to some mistake while selling, the units and tens digits of the selling price got interchanged....
-
MIG Ltd. forfeited 80 shares of Rs 10 each, issued for non-payment of first call of Rs 2 per share. The second and final call of Rs 3 per share has not yet been called. Out of these, 20 shares were...
-
Burton Bush wants to retire in Arizona when he is 80 years of age. Burton, who is now 55, believes he will need $400,.000 to retire comfortably. To date, he has set aside no retirement money. If he...
-
Suppose that in response to a negative supply shock, the Federal Reserve raises interest rates. Their reason for doing this might be to Keep the economy from overheating Shift SRAS to the right Move...
-
The Brower School of Vocational Technology has organized the school training programs into three departments. Each department provides training in a different area as follows: nursing assistant,...
-
Bruin, Inc., has identified the following two mutually exclusive projects: a. What is the IRR for each of these projects? Using the IRR decision rule, which project should the company accept? Is this...
-
Discuss the implications of the move towards relationship marketing in organisational buying/selling situations in the context of how this might change the role of selling.
-
The following balance sheet was prepared for Jared Corporation as of December 31, 2011. The following additional information relates to the December 31, 2011, balance sheet. (a) Cash includes $4,000...
-
Chattanooga Drafting Services uses a 45% material loading charge and a labor rate of $25 per hour. How much will be charged on a job that requires 3.5 hours of work and $41 of materials? Enter answer...
-
This problem continues the process of preparing the Kipley Company's Employee Payroll Register for the pay period ending January 8th, 20--. In previous chapters, gross wages were computed for each...
-
The following information pertains to Saturn Companys cost-volume-profit relationships: Break-even point in units sold 1,000 Variable costs per unit $500 Total fixed costs $150,000. How much will be...
-
Bernard Windows is a small company that installs windows. Its cost structure is as follows: Calculate the margin of safety in units and dollars and the margin of safety percentage if Bernard Windows...
-
A centrifugal pump running at \(2,000 \mathrm{rpm}\) has internal and external impeller diameter of 250 \(\mathrm{mm}\) and \(350 \mathrm{~mm}\), respectively. The vane angles of the impeller at...
-
Refer to the previous exercise. Suppose an individual prefers to play the game rather than to accept $200 with certainty. Is this individual risk averse or a risk lover? Previous exercise Calculate...
-
A sample of liquefied natural gas, LNG, from Alaska has the following molar composition: \(93.5 \% \mathrm{CH}_{4}, 4.6 \% \mathrm{C}_{2} \mathrm{H}_{6}, 1.2 \% \mathrm{C}_{3} \mathrm{H}_{8}\), and...
-
Draw a graph to show the effect of the new technology in the market for loanable funds. Suppose that the business cycle in the United States is best described by RBC theory and that a new technology...
-
A 1-month European put option on a non-dividend-paying stock is currently selling for $2.50. The stock price is $47, the strike price is $50, and the risk-free interest rate is 6% per annum. What...
-
On average there are four traffic accidents in a city during one hour of rush-hour traffic. Use the Poisson distribution to calculate the probability that in one such hour there arc (a) No accidents...
-
Ishaka and Joshua are in partnership, sharing profits and losses as follows: Ishaka 60 percent and Joshua 40 percent. At the end of the financial year, 30 September 2014, the following balances were...
-
Calculating the closing balance in a current account Xavier and Yvonne are partners in a business. Xavier's current account has been prepared by an inexperienced bookkeeper. Assuming that Xavier's...
-
Fox Ltd, a limited company, has authorised share capital of 200,000 ordinary shares of $1 each. The company decided to issue 100,000 ordinary shares at $1.30. These shares were fully subscribed and...
-
Applying the criterion for equilibrium, derive the Clausius-Clapeyron equation.
-
For the system methanol (1)-methyl acetate (2), the activity coefficients for components 1 and 2 are represented by where \[ \begin{aligned} \ln \gamma_{1} & =A x_{2}^{2} \quad \text { and } \quad...
-
The pure component vapour pressure of two organic liquids \(\mathrm{X}\) and \(\mathrm{Y}\) by Antoine equations are given by \[ \ln P_{1}^{\text {Sat }}=14.35-\frac{2942}{T+220} \] and \[...
Study smarter with the SolutionInn App