Question
Find the difference between the amount paid by Sumit for
buckets and amount paid by Sahil for mugs. Answer the following questions based on the information given below: Sumit and Sahil purchased certain number of buckets and mugs. Sumit and Sahil purchased each bucket for Rs.220 and Rs.360 respectively and each mug for Rs.100 and Rs.150 respectively. Number of buckets purchased by Sumit is 145% of that by Sahil. Number of mugs purchased by Sahil is 20% less than that by Sumit and 40% of number of buckets purchased by him. Sumit purchased buckets for a total of Rs.63800.Solution
Let the number of buckets purchased by Sahil be x. And the number of buckets purchased by Sumit = 1.45x Number of mugs purchased by Sahil = 0.4x Number of mugs purchased by Sumit = 0.4x/0.8 = 0.5x According to question, => 1.45x × 220 = 63800 => x = 200 Number of buckets purchased by Sumit = 290 Number of buckets purchased by Sahil = 200 Number of mugs purchased by Sumit = 100 Number of mugs purchased by Sahil = 80 Required difference = 63800 – (80 × 150) = 63800 – 12000 = Rs.51800
If one’s consumption of a good does not diminish the quantity of good available for consumption by someone else, the consumption is__________.
If input prices adjusted very rapidly to output prices as classical economists argue the Phillips cure would be
As per the regression data available: Wage = 11 + 0.24age - 0.23Illiterate + 0.14Married - 0.27Married*Illiterate, where the variables are self-e...
What is the investment multiplier when the marginal propensity to consume is 0.60 and the marginal propensity to import is 0.10?
What do you mean by ‘under conditions of a perfect competition in the product market’?
Excess Capacity is not found in?
If rxy = 0.75, then correlation coefficient between u = 1.5X and v = 2Y is:
The dummy variable trap occurs when
Dumping refers to:
High powered money comprises