Question
In an inventory control model the ‘Buffer stock’ is
the level of stockSolution
Buffer stock’ or ‘strategic stock’ or ‘safety stock’ or ‘buffer inventory ’ is defined as a supply of inputs held as a reserve in case there are future demand and supply fluctuations. It is the excess inventory or safety stock, which retains some kind of buffer to protect in case of uncertain future.
When a product is sold for Rs.750, the profit percentage equals the percentage loss when it is sold for Rs.250. Find the selling price for a 30% profit.
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Ratio of the cost price of article ‘A’ to ‘B’ is 6:7, respectively. Article ‘A’ is marked up by 30% above its cost price and then sold at a ...
If by selling an article for Rs. 252 a shopkeeper gains 16%, find its cost.Â
A retailer offered two consecutive discounts of 20% and 15% on an item marked at Rs. 775. Given that the ratio of the cost price to the selling price of...
