An equilibrium market price is the price at which there is no tendency for it to change. When price is lower than the equilibrium price, quantity demanded will be greater than quantity supplied . There will be tendency for the price to increase when price is higher than the equilibrium price, quantity supplied will be greater than quantity demanded . There will be a tendency for the price to decrease. Equilibrium market price is attained when the quantity demanded equals quantity supplied, it is sometimes called market clearing price .
An anicle was sold for ₹1,215 after giving a discount of 19%. If a discount of 17.5% is given, then for how much (in ₹) should the article be sold?
The difference between the cost price and sale price of an article is Rs.600 and the profit is 30%. Find the selling price.
The cost price of an bicycle is Rs. 24,000. The bicycle is marked 35% above its cost price and sold after a discount of Rs. 3600. If the cost price of ...
A shopkeeper bought an article and marked it at Rs. 250. By selling the article at a discount of 4%, he earns a profit of 20%. Find the cost price of th...
Charan went to purchase an Apple iPhone, the shopkeeper told him to pay 30% GST, if he asked the bill. Charan manages to get the discount of 10% on the...
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 ...
The cost price of orange juice in bottle P is Rs. 68 per liter, and the cost price of orange juice in bottle Q is Rs. 48. When the orange juice in bottl...
Ratio of MP and SP of an article is 5:3 and the article is sold at 20% profit. Find cost price of article, if the selling price is 100 more than its CP?
A man bought 5 articles K, L, M, N, O at Rs. 620 each. Selling prices of K,L, M,N and O were x, x+ 20, x +25, x +75, x +80 respectively. Overall profit ...
Marked price of an article is Rs.260 more than its cost price. If profit earned is equal to the discount given then find the profit earned?
