Question
Consider the following demand function of X for a
commodity A x= 10 + 0.10m/p Money income (m) of X is Rs.120 and the price of A (p) is Rs.3 Now suppose that the price of A falls to Rs.2 What is the substitution effect in this case?Solution
By selling 8 pens for ₹80, a shopkeeper loses 20%. How many pens should he sell for ₹248 to earn a 24% profit?
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Ratio of MP and SP of an article is 8:5 and the article is sold at 25% profit. Find cost price of article, if the selling price is 200 more than its CP?
A shopkeeper marked an article 60% above its cost price and made a profit of Rs. 192 when he sold the article after giving a discount of 30%. Find the p...
A sells an article to B at a profit of 20% and B sells it to C at a profit of 20%. If C pays ₹504 for it, what was the cost price for A?
