P calculates his profit percent on selling price while Q calculates his profit percent on cost...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
P calculates his profit percent on selling price while Q calculates his profit percent on cost price. They notice that difference between their profits is 1000 rupees. If selling price of both P and Q are same and P gets 40% profit and Qgets 60% profit. Then find their selling price. P calculates his profit percent on selling price while Q calculates his profit percent on cost price. They notice that difference between their profits is 1000 rupees. If selling price of both P and Q are same and P gets 40% profit and Qgets 60% profit. Then find their selling price.
Expert Answer:
Related Book For
Accounting for Decision Making and Control
ISBN: 978-0078025747
8th edition
Authors: Jerold Zimmerman
Posted Date:
Students also viewed these mathematics questions
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
A companys retained earnings on December 31, 2018 was $2,190,000 and its shareholders equity was $8,760,000. During 2019 the company reported the following: Net income $225,000 A sale of treasury...
-
IDENTIFICATION OF OPERATING, INVESTING, AND FINANCING ACTIVITIES The following activities took place in Tomberlin Company during the most recent year. Indicate whether each activity is a cash inflow...
-
A solid sphere of radius R carries a nonuniform volume charge density = 0 e r/R , where 0 is a constant and r is the distance from the center. Find an expression for the electric field strength at...
-
An auditor requests a cutoff bank statement primarily to: a. Verify the cash balance reported on the bank confirmation. b. Verify reconciling items on the client's bank reconciliation. c. Detect...
-
The three-station work cell illustrated in figure S7.7, has a product that must go through one of the two machines at station 1 (they are parallel) before proceeding to station 2. (a) What is the...
-
Suppose you use Winter's forecasting method on historical data from Q1 2010 to Q4 2018. You obtain the following data for time t = quarter 4 2018: L_t= 1065 T_t = 15 S_t = 0.95 S_{t-1} = 0.9 S_{t-2}...
-
Chicago investment firm is offering a new financial derivative called a windy put. The windy put is European and has a payoff at expiration equal to Max(0.75S T , 70-S T ), where S T is the price of...
-
A company is considering investing in a project that has a 30% chance of earning a profit of $100,000 and a 70% chance of incurring a loss of $50,000. The company estimates its risk aversion...
-
A batch distillation facility has a bank of columns of Type 1 and another bank of Type 2. Type 1 columns are available for processing \(6,000 \mathrm{hr} /\) week, and Type 2 columns are available...
-
A typical car battery can be modeled as an ideal source \(\mathscr{E}\) connected in series with an internal resistance \(R_{\text {batt }}\). Using a good battery of this design to "jump start" a...
-
IBM employs a network of expert analytics consultants for various projects. To help it determine how to distribute its bonuses, IBM wants to form groups of employees with similar performance...
-
Use the churn data set at the book series website for the following exercises. Make sure that the correlated variables have been accounted for. Perform a cost/benefit analysis for the default CART...
-
Setups stay the same, except that there are multiple asset classes in banks' balance sheets. In particular, let's assume that \(P_{1}\) is exogenous, and a fraction \(\beta\) of each bank's assets is...
-
A chief information security officer, or CISO, is responsible for information security for an entire business or organization. This person must have a deep understanding of both the business aspects...
-
Cornell and Roberts are partners who agree to admit Stanley to their partnership. Cornell has a capital balance of $80,000 and Roberts has a capital balance of $120,000. Cornell and Roberts share net...
-
Ab Landlord owns a dilapidated 30- year- old apartment building in Los Angeles. The net cash flow from renting the apartments last year was $ 200,000. She expects that inflation will cause the net...
-
Brehm Vineyards grows a unique white pinot noir grape that they use to produce a white wine that is in high demand. Brehm uses all the grapes they can grow to produce their own white pinot noir wine....
-
Dr. Na Gu plans to open a radiology office that provides CAT scans. She can lease the CAT scanner for $ 1,200 per month plus $ 45 for each imaging session. In addition to the $ 45 lease cost per...
-
External taper can be obtained by (a) taper attachment (b) form tool (c) compound rest (d) tail stock offset.
-
Which of the machine tools can be used for boring ? 1. Lathe 2. Drilling machine 3. Vertical milling machine 4. Horizontal milling machine. (a) 1,2,3, (b) 1,3,4 (c) 2 and 4 (d) 1, 2, 3, 4
-
Climb milling is chosen while machining because (a) the chip thickness increases gradually (b) it enables the cutter to dig in and start the cut (c) the specific power consumption is reduced (d)...
Study smarter with the SolutionInn App