Question
A market characterized by large number of sellers and
buyers and homogenous product is known asSolution
Perfect competition is a type of market where there are large number of buyers and sellers who deals in homogeneous product due to which no individual unit is able to influence the price of the product and the firms have to quote the price that prevails in the market because of the customer's knowledge about the price.
The respective ratio of monthly income of A to monthly income of B is 13:14, and A’s saving is (100/21)% more than B’s saving. Find the expenditure ...
Income of Priya is Rs. 45,600, out of which she spent 30% on daily expenses, 15% on phone bills and saves the rest. If her income is increased by 12% an...
A software company had 'p' lines of code in their codebase in 2019. It increased by 30% in 2020 and then by another 20% in 2021. In 2022, the lines of c...
In a stock of electronics (laptops + mobiles), if 25% of mobiles were laptops, then the number of laptops would have been 150% more than that of mobiles...
In a company with a total of 450 employees, 270 are men, and the remaining are women. It is known that 60% of the women are employed in the marketing de...
- A man received Rs. 15,000 as a bonus. He spent 25% of this on groceries, 10% of the remaining on clothes, and 20% of the remaining on travel. What amount o...
Rajesh spent 46% of his monthly income on food and 54% of the remaining of study. If total monthly savings (after spending on food and study) of Rajesh ...
The income of ‘A’ increases by 20% every year. If the present income of ‘A’ is Rs. 17280 and his expenditure 2 years ago from now was Rs. 10000,...
A book is listed at Rs. 2,400 and the discount offered is 10%. What additional discount must be given to bring the net selling price Rs. 1,800?
A company manufactures two products, A and B, with production costs of 150 and 200, respectively. To meet market demand, the company raises the price of...
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