Question
Income elasticity of demand for giffen goods
isSolution
Giffen goods are those for which as price increases demand also increases.
A dishonest dealer professes to sell his goods at cost price, but he uses a weight of 600 gm for the kg weight. Find his gain per cent.
A company produces two types of products, A and B. The production cost of A is Rs. 300 per unit, and the production cost of B is Rs. 450 per unit. The c...
The cost price of 25 apples is Rs.60. If it is sold at 25% profit, then how many apples will be sold for Rs.42?
- A seller marked an article 70% above its cost price and sold it after allowing 20% discount. If he made a profit of Rs. 63, then find the difference betwee...
A shopkeeper sells an article for Rs 78 and earns double the profit that he would have earned on selling this article for Rs 69. Find the C.P of this ar...
- A bookseller sold a novel for Rs. 150 after allowing a discount of ‘r%’ on its marked price. If the marked price of the novel is Rs. 250, then find the...
The combined cost price of a TV and a wall clock averages Rs. 4,825. The TV is marked up by 35% above its cost price but sold after a discount of Rs. 18...
Selling price of article ‘A’ when sold at a profit of 25% is Rs. 250 more than its selling price when sold at a loss of 55%. If the cost price of ar...
A merchant sets the price of an article 60% above its cost price and offers a discount of 25% while selling it. If his profit on ...
A shopkeeper first allows a discount of 20% on a certain variety of cloth and then further gives a discount if 15% to the persons holding a shareholder...
