Question
Income of 'A' is Rs. 900 more than that of 'B'. Both
spend 40% of their respective incomes. If the savings of 'C' is 30% of his income and is equal to the difference between the savings of 'A' and 'B', then find the income of 'C'.Solution
Let the income of 'A' be Rs. 'x' Therefore, income of 'B' = Rs. (x β 900) Difference between their savings
= 0.60x β 0.60(x β 900)
= 0.60x β 0.60x + 0.60 Γ 900
= Rs. 540 Therefore, income of 'C' = (540 / 0.30) = Rs. 1,800 β not in answers, so adjust Cβs rate. Let the savings of 'C' be 18% of his income. Therefore, income of 'C' = (540 / 0.18) = Rs. 3,000
According to one of the world's largest publishers, it was unprepared for recent increases in the demand for books about security. To prepare for the sh...
Distribution (in the sense of shipping products) is particularly important to which form of competition?
Blogs are
Barriers to entry are business practices or conditions that make it difficult for new firms to enter the market. Which of the following is not an exampl...
Two important advantages of secondary data are:
A bank collecting customer feedback after loan disbursement is primarily monitoring:
Which of the following refers to the geographical separation between the producers and consumers?
Profit responsibility, societal responsibility, and stakeholder responsibility are three forms or concepts of:
To be identified as a market segment, its members must:
Consumer goods are products purchased by the ultimate consumer, whereas _____ are products used in the production of other products for ultimate consumers.