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Read the following Caselets and choose the best alternative.The BIG and Colourful CompanyYou are running “BIG and Colourful (BnC)” company that sells book to customers through three retail formats:a. You can buy books from bookstores,b. You can buy books from supermarket,c. You can order books over the Internet (Online)Your manager has an interesting way of classifying expenses: some of the expenses are classified in terms of size: Big, Small and Medium; and others are classified in terms of the colors, Red, Yellow, Green and Violet. The company has a history of categorizing overall costs into initial costs and additional costs. Additional costs are equal to the sum of Big, Small and Medium expenses There are two types of margin, contribution(sales minis initial costs) and profit (contribution minus additional costs). Given below is the data about sales and costs of BnC:Each of the Big, Small and Medium cost is categorized by the manager into Red, Yellow, Green and Violet costs. Breakdown of the additional costs under these headings is shown in the table below:Red, Yellow, Green and Violet costs are allocated to different retail formats. These costs are apportioned in the ratio of number of units consumed by each retail format. The number of units consumed by each retail format is given in the table below:Read the following StatementStatement I:Online store accounted for 50% of the sales at BnC and the ration of supermarket sales and book store sales is 1 : 2Statement II:Initial Cost is allocated in the ratio of sales.If you want to calculate the profit/loss from the different retail formats, thena)Statement I alone is sufficient to calculate the profit/lossb)Statement II alone is sufficient to calculate the profit/loss.c)Both statements I and II are required to calculate the profit/loss.d)Either of the two statements is sufficient to calculate the profit/loss.Correct answer is option 'C'. Can you explain this answer? for NEET 2024 is part of NEET preparation. The Question and answers have been prepared according to the NEET exam syllabus. Information about Read the following Caselets and choose the best alternative.The BIG and Colourful CompanyYou are running “BIG and Colourful (BnC)” company that sells book to customers through three retail formats:a. You can buy books from bookstores,b. You can buy books from supermarket,c. You can order books over the Internet (Online)Your manager has an interesting way of classifying expenses: some of the expenses are classified in terms of size: Big, Small and Medium; and others are classified in terms of the colors, Red, Yellow, Green and Violet. The company has a history of categorizing overall costs into initial costs and additional costs. Additional costs are equal to the sum of Big, Small and Medium expenses There are two types of margin, contribution(sales minis initial costs) and profit (contribution minus additional costs). Given below is the data about sales and costs of BnC:Each of the Big, Small and Medium cost is categorized by the manager into Red, Yellow, Green and Violet costs. Breakdown of the additional costs under these headings is shown in the table below:Red, Yellow, Green and Violet costs are allocated to different retail formats. These costs are apportioned in the ratio of number of units consumed by each retail format. The number of units consumed by each retail format is given in the table below:Read the following StatementStatement I:Online store accounted for 50% of the sales at BnC and the ration of supermarket sales and book store sales is 1 : 2Statement II:Initial Cost is allocated in the ratio of sales.If you want to calculate the profit/loss from the different retail formats, thena)Statement I alone is sufficient to calculate the profit/lossb)Statement II alone is sufficient to calculate the profit/loss.c)Both statements I and II are required to calculate the profit/loss.d)Either of the two statements is sufficient to calculate the profit/loss.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for NEET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following Caselets and choose the best alternative.The BIG and Colourful CompanyYou are running “BIG and Colourful (BnC)” company that sells book to customers through three retail formats:a. You can buy books from bookstores,b. You can buy books from supermarket,c. You can order books over the Internet (Online)Your manager has an interesting way of classifying expenses: some of the expenses are classified in terms of size: Big, Small and Medium; and others are classified in terms of the colors, Red, Yellow, Green and Violet. The company has a history of categorizing overall costs into initial costs and additional costs. Additional costs are equal to the sum of Big, Small and Medium expenses There are two types of margin, contribution(sales minis initial costs) and profit (contribution minus additional costs). Given below is the data about sales and costs of BnC:Each of the Big, Small and Medium cost is categorized by the manager into Red, Yellow, Green and Violet costs. Breakdown of the additional costs under these headings is shown in the table below:Red, Yellow, Green and Violet costs are allocated to different retail formats. These costs are apportioned in the ratio of number of units consumed by each retail format. The number of units consumed by each retail format is given in the table below:Read the following StatementStatement I:Online store accounted for 50% of the sales at BnC and the ration of supermarket sales and book store sales is 1 : 2Statement II:Initial Cost is allocated in the ratio of sales.If you want to calculate the profit/loss from the different retail formats, thena)Statement I alone is sufficient to calculate the profit/lossb)Statement II alone is sufficient to calculate the profit/loss.c)Both statements I and II are required to calculate the profit/loss.d)Either of the two statements is sufficient to calculate the profit/loss.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Read the following Caselets and choose the best alternative.The BIG and Colourful CompanyYou are running “BIG and Colourful (BnC)” company that sells book to customers through three retail formats:a. You can buy books from bookstores,b. You can buy books from supermarket,c. You can order books over the Internet (Online)Your manager has an interesting way of classifying expenses: some of the expenses are classified in terms of size: Big, Small and Medium; and others are classified in terms of the colors, Red, Yellow, Green and Violet. The company has a history of categorizing overall costs into initial costs and additional costs. Additional costs are equal to the sum of Big, Small and Medium expenses There are two types of margin, contribution(sales minis initial costs) and profit (contribution minus additional costs). Given below is the data about sales and costs of BnC:Each of the Big, Small and Medium cost is categorized by the manager into Red, Yellow, Green and Violet costs. Breakdown of the additional costs under these headings is shown in the table below:Red, Yellow, Green and Violet costs are allocated to different retail formats. These costs are apportioned in the ratio of number of units consumed by each retail format. The number of units consumed by each retail format is given in the table below:Read the following StatementStatement I:Online store accounted for 50% of the sales at BnC and the ration of supermarket sales and book store sales is 1 : 2Statement II:Initial Cost is allocated in the ratio of sales.If you want to calculate the profit/loss from the different retail formats, thena)Statement I alone is sufficient to calculate the profit/lossb)Statement II alone is sufficient to calculate the profit/loss.c)Both statements I and II are required to calculate the profit/loss.d)Either of the two statements is sufficient to calculate the profit/loss.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for NEET. Download more important topics, notes, lectures and mock test series for NEET Exam by signing up for free.

Here you can find the meaning of Read the following Caselets and choose the best alternative.The BIG and Colourful CompanyYou are running “BIG and Colourful (BnC)” company that sells book to customers through three retail formats:a. You can buy books from bookstores,b. You can buy books from supermarket,c. You can order books over the Internet (Online)Your manager has an interesting way of classifying expenses: some of the expenses are classified in terms of size: Big, Small and Medium; and others are classified in terms of the colors, Red, Yellow, Green and Violet. The company has a history of categorizing overall costs into initial costs and additional costs. Additional costs are equal to the sum of Big, Small and Medium expenses There are two types of margin, contribution(sales minis initial costs) and profit (contribution minus additional costs). Given below is the data about sales and costs of BnC:Each of the Big, Small and Medium cost is categorized by the manager into Red, Yellow, Green and Violet costs. Breakdown of the additional costs under these headings is shown in the table below:Red, Yellow, Green and Violet costs are allocated to different retail formats. These costs are apportioned in the ratio of number of units consumed by each retail format. The number of units consumed by each retail format is given in the table below:Read the following StatementStatement I:Online store accounted for 50% of the sales at BnC and the ration of supermarket sales and book store sales is 1 : 2Statement II:Initial Cost is allocated in the ratio of sales.If you want to calculate the profit/loss from the different retail formats, thena)Statement I alone is sufficient to calculate the profit/lossb)Statement II alone is sufficient to calculate the profit/loss.c)Both statements I and II are required to calculate the profit/loss.d)Either of the two statements is sufficient to calculate the profit/loss.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the following Caselets and choose the best alternative.The BIG and Colourful CompanyYou are running “BIG and Colourful (BnC)” company that sells book to customers through three retail formats:a. You can buy books from bookstores,b. You can buy books from supermarket,c. You can order books over the Internet (Online)Your manager has an interesting way of classifying expenses: some of the expenses are classified in terms of size: Big, Small and Medium; and others are classified in terms of the colors, Red, Yellow, Green and Violet. The company has a history of categorizing overall costs into initial costs and additional costs. Additional costs are equal to the sum of Big, Small and Medium expenses There are two types of margin, contribution(sales minis initial costs) and profit (contribution minus additional costs). Given below is the data about sales and costs of BnC:Each of the Big, Small and Medium cost is categorized by the manager into Red, Yellow, Green and Violet costs. Breakdown of the additional costs under these headings is shown in the table below:Red, Yellow, Green and Violet costs are allocated to different retail formats. These costs are apportioned in the ratio of number of units consumed by each retail format. The number of units consumed by each retail format is given in the table below:Read the following StatementStatement I:Online store accounted for 50% of the sales at BnC and the ration of supermarket sales and book store sales is 1 : 2Statement II:Initial Cost is allocated in the ratio of sales.If you want to calculate the profit/loss from the different retail formats, thena)Statement I alone is sufficient to calculate the profit/lossb)Statement II alone is sufficient to calculate the profit/loss.c)Both statements I and II are required to calculate the profit/loss.d)Either of the two statements is sufficient to calculate the profit/loss.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Read the following Caselets and choose the best alternative.The BIG and Colourful CompanyYou are running “BIG and Colourful (BnC)” company that sells book to customers through three retail formats:a. You can buy books from bookstores,b. You can buy books from supermarket,c. You can order books over the Internet (Online)Your manager has an interesting way of classifying expenses: some of the expenses are classified in terms of size: Big, Small and Medium; and others are classified in terms of the colors, Red, Yellow, Green and Violet. The company has a history of categorizing overall costs into initial costs and additional costs. Additional costs are equal to the sum of Big, Small and Medium expenses There are two types of margin, contribution(sales minis initial costs) and profit (contribution minus additional costs). Given below is the data about sales and costs of BnC:Each of the Big, Small and Medium cost is categorized by the manager into Red, Yellow, Green and Violet costs. Breakdown of the additional costs under these headings is shown in the table below:Red, Yellow, Green and Violet costs are allocated to different retail formats. These costs are apportioned in the ratio of number of units consumed by each retail format. The number of units consumed by each retail format is given in the table below:Read the following StatementStatement I:Online store accounted for 50% of the sales at BnC and the ration of supermarket sales and book store sales is 1 : 2Statement II:Initial Cost is allocated in the ratio of sales.If you want to calculate the profit/loss from the different retail formats, thena)Statement I alone is sufficient to calculate the profit/lossb)Statement II alone is sufficient to calculate the profit/loss.c)Both statements I and II are required to calculate the profit/loss.d)Either of the two statements is sufficient to calculate the profit/loss.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Read the following Caselets and choose the best alternative.The BIG and Colourful CompanyYou are running “BIG and Colourful (BnC)” company that sells book to customers through three retail formats:a. You can buy books from bookstores,b. You can buy books from supermarket,c. You can order books over the Internet (Online)Your manager has an interesting way of classifying expenses: some of the expenses are classified in terms of size: Big, Small and Medium; and others are classified in terms of the colors, Red, Yellow, Green and Violet. The company has a history of categorizing overall costs into initial costs and additional costs. Additional costs are equal to the sum of Big, Small and Medium expenses There are two types of margin, contribution(sales minis initial costs) and profit (contribution minus additional costs). Given below is the data about sales and costs of BnC:Each of the Big, Small and Medium cost is categorized by the manager into Red, Yellow, Green and Violet costs. Breakdown of the additional costs under these headings is shown in the table below:Red, Yellow, Green and Violet costs are allocated to different retail formats. These costs are apportioned in the ratio of number of units consumed by each retail format. The number of units consumed by each retail format is given in the table below:Read the following StatementStatement I:Online store accounted for 50% of the sales at BnC and the ration of supermarket sales and book store sales is 1 : 2Statement II:Initial Cost is allocated in the ratio of sales.If you want to calculate the profit/loss from the different retail formats, thena)Statement I alone is sufficient to calculate the profit/lossb)Statement II alone is sufficient to calculate the profit/loss.c)Both statements I and II are required to calculate the profit/loss.d)Either of the two statements is sufficient to calculate the profit/loss.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following Caselets and choose the best alternative.The BIG and Colourful CompanyYou are running “BIG and Colourful (BnC)” company that sells book to customers through three retail formats:a. You can buy books from bookstores,b. You can buy books from supermarket,c. You can order books over the Internet (Online)Your manager has an interesting way of classifying expenses: some of the expenses are classified in terms of size: Big, Small and Medium; and others are classified in terms of the colors, Red, Yellow, Green and Violet. The company has a history of categorizing overall costs into initial costs and additional costs. Additional costs are equal to the sum of Big, Small and Medium expenses There are two types of margin, contribution(sales minis initial costs) and profit (contribution minus additional costs). Given below is the data about sales and costs of BnC:Each of the Big, Small and Medium cost is categorized by the manager into Red, Yellow, Green and Violet costs. Breakdown of the additional costs under these headings is shown in the table below:Red, Yellow, Green and Violet costs are allocated to different retail formats. These costs are apportioned in the ratio of number of units consumed by each retail format. The number of units consumed by each retail format is given in the table below:Read the following StatementStatement I:Online store accounted for 50% of the sales at BnC and the ration of supermarket sales and book store sales is 1 : 2Statement II:Initial Cost is allocated in the ratio of sales.If you want to calculate the profit/loss from the different retail formats, thena)Statement I alone is sufficient to calculate the profit/lossb)Statement II alone is sufficient to calculate the profit/loss.c)Both statements I and II are required to calculate the profit/loss.d)Either of the two statements is sufficient to calculate the profit/loss.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice NEET tests.