Question

The price of a car increased from Rs. 50,000 to Rs. 60,000. Find the percentage of increase.​

Answer 1

Answer:

Quick ratio = Liquid assets (Current Assets - inventories)

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Current Liabilities

= 3,00,000 - 60,000

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75,000 (Working Note 1)

= 2,40,000

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75,000

= 3.2 : 1

Working note number 1 - calculation of current liabilities

Working capital = Current Assets - Current liabilities

Current liabilities = Current assets - Working capital.

= 3,00,000 - 2,25,000

= 75,000.

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

Percentage Chart

Value Change Percentage Increase

50000 to 54000 8%

50000 to 57000 14%

50000 to 60000 20%

50000 to 63000 26%........................