Question
The question consists of two statements numbered “I
and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Find the cost price of watch. Statement I : If MRP of the watch Rs. 360 above the cost price and 10% discount is given, then profit is 8%. Statement II : If watch is sold on profit of 12%, then difference between sale price and cost price is equal to Rs. 216.Solution
From Statement I: Let CP = 100x MP = 100x + 360 Given that, 10% discount given so, MP = 90x + 324, which is equal to 8% profit Therefore, 108x = 90x + 324 x = 18 So, CP = Rs. 1800 From Statement II: Given that, SP – CP = 216 12% = 216 100% = 1800 So we can find the answer from either I or II statements.
Components of a consumer's income include:
The use by marketers of YouTube, Twitter, and Instagram to promote their brands or organizations is known as ___________.
In physical distribution decisions, total logistics cost includes each of the following EXCEPT:
Consumer-generated online marketing efforts to negatively promote brands and companies for which they are non-fans are known as ___________.
The rise of income in developing countries would lead the demand curve to shift:
A dishwash liquid manufacturing company comes up with mild formula for lightly soiled utensils, lemon mix formula for medium soiled utensils and lemon a...
One of the fastest growing trends in retail locations is:
By using social media to focus on unmet customer needs, it enables marketers to focus on:
The components of strengths and weaknesses are often considered as which part of the situational analysis:
All of the following are critical components of a cohesive marketing program, except:
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