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The price elasticity of demand measures the responsiveness of the quantity demanded to changes in the price. Demand is inelastic if it does not respond much to price changes, and elastic if demand changes a lot when the price changes. Necessities tend to have inelastic demand.
A retailer bought a gadget for Rs. ‘a’ and marked it 140% above its cost price. He sold it after giving two successive discounts of 800 and 25%, res...
Rajendra purchased a bike for Rs 72,500/- and a laptop for Rs 32,000/-. He sold the bike at a profit of 20% and the laptop at a loss of 25%. Find his ov...
If a pen is bought at 11/12th of its selling price and sold at 10% more than its selling price, what will be the percentage profit?
A dishonest fruit seller sells fruits at 8 % loss. If he uses 860gm weight in place of 1kg weight, then what is his profit percent?
A Shopkeeper gives 2 articles free on the purchase of every 10 articles. He also allows a discount of 20% to customer and still earn 25% profit. Find th...
P purchased a book from registered store and gets 14% discount while Q purchased the same book from a roadside stall and got 18% discount. If Q paid Rs....
The selling price of an item rises by Rs. 50 when the profit percentage is increased from 20% to 30%. What is the cost price of the item?
By selling 18 table fans for Rs 11,664 a man incurs a loss of 10%. How many fans should be sold for Rs.17,424 to earn 10% profit?
A product was initially marked up by 62.5% above its cost price. After being offered discounts of 10% and 15% successively, it sold for Rs. 1989. Determ...
