Question
A bank launches a premium digital-only savings account
for tech-savvy customers and charges a slightly higher annual fee for exclusive features. This strategy primarily reflects:Solution
Skimming pricing involves setting a higher price initially for innovative or premium offerings to target early adopters willing to pay more. Here, exclusive features justify higher pricing. Why Other Options Are Incorrect • A: Low introductory price. • C: Matching competitors. • D: Based on cost only. • E: Price-ending tactics. Banking Example: Premium neo-banking accounts with subscription fees.
- If Sohan’s monthly salary is (75/3)% more than Rohan’s salary, then by what percentage is Rohan’s salary less than Sohan’s?
- The incomes of Arjun, Kabir, and Lakshya are in the ratio 15:10:9, and their savings are in the ratio 6:4:3. If Kabir saves Rs. 16,000, which is 40% of his...
The monthly incomes of A and B are in the ratio 3 : 4, and their monthly expenditures are in the ratio 2 : 3. If each of them saves Rs. 4,000 per month,...
The income of P is 3/4 th of the income of Q and income of R is 70% more than the income of Q. Income of Q is Rs.24000 and expenditure of P ...
- The income of Kavita is (50/2)% more than the income of Sneha. How much percent less is Sneha’s income compared to Kavita’s?
Person X's earnings exceed Person Y's by 25%, and both individuals manage to save Rs. 2400 each. The ratio of Person Y's expenses to Person X's expenses...
- The salary of a person is increased by Rs. 500. If his old salary was 25% less than his new salary, then his old salary was:
- X allocates his monthly income as follows: 10% for rent, 20% for groceries, and 25% for bills, while saving the remaining amount. If his savings amount to ...
Priya spends 35% of her income on house rent. From what’s left, she uses 25% for groceries and 50% for travel. The rest is her savings. If the differe...
Average income of 'X' and 'Y' together is Rs. 45,000. Whereas the average expenditure of 'X' and 'Y' is Rs. 34,000. Find the savi...
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