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Question : Profit after selling a commodity for Rs. 400 is the same as loss after selling it for Rs. 300. The cost of the commodity is:
Option 1: Rs. 450
Option 2: Rs. 400
Option 3: Rs. 350
Option 4: Rs. 250
Correct Answer: Rs. 350
Solution : Let's denote the cost price of the commodity as C. The profit after selling it for Rs. 400 is given by the formula: Profit = Selling price − Cost price ⇒ Profit = 400 − C The loss after selling it for Rs. 300
Question : In 1937, an educational conference endorsing Gandhi's proposals for 'basic education' through the vernacular medium was held at
Option 1: Surat
Option 2: Bombay
Option 3: Ahmedabad
Option 4: Wardha
Correct Answer: Wardha
Solution : The Correct Answer is Wardha
There was unrestricted and required instruction in the mother tongue under the Wardha Scheme of Basic Education (1937). In 1937, Mahatma Gandhi developed a special education program. The Wardha Education Plan was the name given to it. Gandhiji believed in
Hello aspirant,
I regret to inform you that, despite your 57 percentile on the CAT exam, IMT Nagpur will not be contacting you. This is because the college's total cut-off score for all CAT, MAT, and CMAT exams is 70 percentile. There is no sectional cut-off, but you must score
Question : A Company's liquid assets are Rs.2,50,000 and its current liabilities are Rs.1,50,000. Thereafter, it paid Rs.50,000 to its trade payables. The quick ratio will be:
Option 1: 1.33:1
Option 2: 2.5:1
Option 3: 1.67:1
Option 4: 2:1
Correct Answer: 2:1
Solution : Answer = 2:1
Quick Ratio= $\frac{\text{Quick Assets}}{\text{Current liabilities}}$ New quick Assets = 2,50,000 - 50,000 = 2,00,000 New Current liabilities = Current liabilities – paid to trade payable = 1,50,000 - 50,000 = 1,00,000 New Quick Ratio = 2,00,000/1,00,000= 2:1. Hence, the correct option is
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