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The cross elasticity of demand is an economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes . Complementary goods are products which are used together like toothbrush and toothpaste. The cross elasticity of demand for complementary goods is negative i.e. as the price of one good goes up, the demand for both goods fall.
A shopkeeper sells an article for 10% profit. If he buys it for 4% less and sells it for profit then he gets Rs. 10 more. What is the original cost price?
A retailer purchased five articles and incurred some expenses on their transportation. Each article was sold at a markup of 50% above the original cost ...
On selling an anicle for ₹984, Arnn loses 18%. In order to gain 15%, he must sell it for:
A farmer sold two cows, each for ₹45,000. He made a 12.5% profit on the sale of one cow but incurred a 16(2/3)% loss on the sale of the other. Calcula...
Labelled price of an article is 60% more than the CP of the article. When it is solid at x% discount then _______% percent profit is obtained and when ...
A shopkeeper marked an article ‘A’ 20% above the cost price and sold it for Rs. 1008 after giving a certain discount while he sold an article ‘B�...
The shopkeeper purchased an article for Rs. "X." He marked the article __________% above its cost price and allowed a ________% discount on the marked p...
Two cycles were sold at 1499 Rs each. First was sold at 25% profit and second at 20% loss. Find the overall profit or loss.
Rohit sold an item with an 18% profit. However, if he had sold the item at a 13% loss, he would have made Rs. 930 less. If he originally marked the item...
