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Effective Discount = 100 [(100-a) × (100 - b)/100] This can be expanded and simplified to: Effective Discount = 100-(10000 - 100b -100a + ab)/100 Effective Discount = a + b -(ab/100) So the single equivalent discount is a plus b minus the product of a and b divided by 100. This result gives the percentage of the discount on the original price. Direct-Formula of Successive discount of a% and b% - (a+b-ab/100)%
Let X and Y be two related variables. The two regression lines are given by x-y+1=0 and 2x-y+4=0. The two regression lines pass through the point:
Elistan can produce either 5 monster trucks or 10 cans of silly string in a day. What is the opportunity cost of one can of silly string?
If rxy = 0.4, then r(2x, 2y) is equal to:
The gross fiscal deficit is
You are given the following data for national economy of a country Y:
Equilibrium GDP is $6000 million.
MPC is 0.8
It is considered...
The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding ______
For which of the following consumption functions, the value of income multiplier, k=5?
Let the correlation coefficient between X and Y be 0.6. Random variables Z and W are defined as Z=X+5 and W=Y/3. What is the correlation coefficient bet...
Consider an exchange economy with two agents, 1 and 2, and two goods, X and Y. Each agent's consumption set is in +R2. The endowments of agents 1 and 2 ...
In the foreign exchange market price of US Dollar rises from ₹ 60 to ₹ 61. This means that_____