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Statementais true. The intersection ofSMCandMRis always best, unless it results in a loss that exceeds the firm's total fixed costs, in which case it is better to shut down and produce nothing. To find the price a price-setter must set, we always look at the point on its demand curve at the output it wishes to sell.
When a person sold an article, his profit% is 65% of the selling price. If the cost price is increased by 80% and the selling price remains the same, th...
Two items, ‘X’ and ‘Y’, were each sold for Rs. 2500. Item ‘X’ was sold at a 20% loss, while Item ‘Y’ was sold at a 25% profit. If the av...
The profit made by selling an item for Rs. 1740 is double the loss incurred when it is sold for Rs. 1305. At what price should th...
A fruit seller buys oranges at the rate of 12 for ₹60 and sells them at the rate of 8 for ₹48. Find his percentage profit.
One article is sold at 15% profit while other is sold at 5% loss such that the difference between their selling prices is Rs. 130. If the cost price of ...
Armaan sold an item for Rs. 600. If he had sold it for Rs. 120 more, he would have earned a profit of 25%. Determine the profit/loss percentage incurred...
58 notebooks have been purchased at the rate of 1 Rs. How many notebooks should be sold at the rate of Rs 1 to earn 45% profit?
The shopkeeper sold the earrings at the profit of 25% and the cost price of earrings is Rs.1500. He earns x% profit on bracelet costing Rs.1250. If the ...
A dishonest fruit seller sells fruits at 8 % loss. If he uses 860gm weight in place of 1kg weight, then what is his profit percent?
An automobile agency launched a scheme that if a customer purchased two Jabas Discover bikes, one extra Jabas Discover will be free and if he purchases ...