Question
Price of rice is increased by 25%. Find the percentage by
which consumption must be decreased so that expenditure on rice remains unchanged.Solution
ATQ,
Let the initial price and initial consumption of rice be Rs. '100m' per kg and 'n' kg respectively.
Initial expenditure = 100m × n = Rs. '100mn'
New price = 1.25 × 100m = Rs. '125m'
New consumption = (100mn / 125m) = (100n / 125) kg
Decrease in consumption = n - (100n / 125) = (25n / 125) kg
Required percent = [(25n / 125) ÷ n] × 100 = (2500 / 125) = 20%
A PCA Framework for NBFCs has also been put in place to further strengthen the supervisory tools applicable to NBFCs, The same shall apply to:?
Who will chair the RBI’s 10-member ’Expert Committee on Benchmarking of its Statistics'?
As per Companies Act 2013, a company can use which of the following modes to pay dividend?
A.     cash
B.     cheque
C....
Which of the following are the components that are required to be estimated for credit risk quantification?
1. Probability of default
2. E...
Identify the Organisation from the passage given below.
It was created in 1944, as the International Bank for Reconstruction and Development (...
Where are the exchange differences treated in the financial statements?
A situation in which two moral principles conflict with one another is known as ______
The value stated on a bond certificate is called ______
In a corporate setting, what does the term "conflict of interest" refer to?
Which among the followings has the authority to govern Merchant banking in India?
Relevant for Exams:
