Question
There were two candidate in an election. 15% of the
total voters did not cast their votes whereas 10% of the casting votes were declared invalid. If the winning candidate received 60% of the total votes and won by 3,480 votes then find out the total number of Voters?Solution
Let the total voters be 100 No. of votes casted = 85 No. of valid votes = 85 × (90 )/(100 ) = 76.5 Winning candidate got 60% of total votes = 60 Looser candidate got = 76.5 – 60 = 16.5 Difference between winning and looser candidate votes = 3,480 60 – 16.5 = 43.5 43.5 = 3,480 100 = 3,480/(43.5 )×100 = 8,000 Total number of voters = 8,000Â
A spot purchase of a currency coupled with simultaneous forward sale of the same currency is called:
Country A can produce 10 units of cloth or 5 units of wine in a day. Country B can produce 6 units of cloth or 4 units of wine in a day. Which country h...
If the government imposes an excise duty on the production of a commodity, and the demand for that commodity is perfectly inelastic, the burden of the t...
An unbiased coin is tossed until a head appears. The expected number of tosses required is
If positive income effect is less than the substitution effect: the product will be
The long-run Phillips Curve is ____________ Which indicates
Under perfect competition, the firm's demand curve is typically perfectly elastic. However, under certain conditions, it may become negatively sloped. W...
 Law of diminishing returns only applies to cases where
A Type I error occurs when we: