Question
A Rs 750 tin of cheese is offered at 8% discount and a
Rs 1,250 tin of butter at 20% discount. If we buy 5 tins of cheese and 3 tins of butter, what is the effective discount we get (in %)?Solution
Each cheese tin cost Rs 750 Discount=8% Cost of each=750*92/100 =690 Cost of 5 cheese tins=3450 Each butter tin=Rs 1250 discount=20% Cost of each butter tin=1250*4/5 =1000 Cost of 3 butter tins=Rs 3000 Total cost=3450+3000 =6450 Total cost without discount=750*5+1250*3 =3750+3750 =7500 Percent=(6450/7500)*100 =86% Discount=100-86 =14%
Which of the following is the correct full form of CAS, in the context of mutual funds and securities?
Consider a market with a few dominant firms that sell differentiated products and engage in strategic pricing behavior. These firms often react to each ...
An autocratic leadership style is best suited in which of the following situations?
A. The leader possesses specialized knowledge or expertise.
Which of the following is NOT a correctly matched strategy to mitigate the given risk?
Current rate of interest equalization under Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit, for MSME Manufacturer Exporters ...
What is the authorized capital of CCIL IFSC Limited?
Which Act provides the legal framework for asset reconstruction companies in India?
RBI has mandated the Legal Entity Identifier (LEI) code as a key measure to improve the quality and accuracy of financial data systems for better risk m...
Which department or role is typically responsible for maintaining bin card?
The Banking which offers all types of financial products like banking, insurance, mutual funds, capital market related products, investment products, an...