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PED for Nasi lemak is less than 1 which means its price inelastic. If Zia raises the price of this dish, qty dd will decrease by a smaller amount than she increases the price, as a result, its total revenue increases.
The selling price of y items is equal to the cost price of 720 items. If the profit made is 60%, then find the value of y.
The marked price of an article is Rs. 400 more than its cost price. The article is sold at 25% discount such that the seller earns a profit of Rs. 25. F...
The cost price of two laptops 'L' and 'K' is Rs. 35,000 and Rs. 45,000 respectively. The shopkeeper marked up the prices of laptop 'L' and 'K' by 35% an...
Mohit sold 5 pens making a 8% profit on each and another 15 pens making a 12% profit on each. If the total selling price for all 20 pens was ₹555, wha...
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...
If by selling an article for Rs. 480 a shopkeeper gains 20%, find its cost.
After applying a discount of Rs. 120 on an item, it was sold at a loss of 20%. If the ratio of the item's marked price to its selling price is 3:2, by w...
A man purchased a book for an amount equal to the simple interest earned on Rs. 6000 lent to a friend for 2 years at an interest rate of 4% per annum. I...
