Question
Selling price of an article is 5 times of it cost
price. If selling price is increased by 50 percent and cost price is increased by 500 percent, then what will be the new profit percentage?Solution
According to the question: SP = 5CP Also, if Selling price = 1.5SP, then new Cost price = 6CP New SP = 1.5 × 5CP = 7.5CP New profit = 7.5CP - 6CP = 1.5CP Profit% = (1.5CP/6CP) × 100 = 25 ∴ The Profit % is 25%.
Under which of the following five functions of management, job descriptions and job specifications will fall under?
Strategic decisions are _______
Which of the following theory says that investors value gains and losses differently, placing more weight on perceived gains versus perceived losses?
Why is it necessary to eliminate other solutions in the decision-making process?
Which of the following is not a quantitative technique of decision making?
_____________Â refer to decisions that employees make each day to make the organization run.
______ is a decision-making process in which an individual makes a choice that is satisfactory rather than optimal.
As per Herbert’s Decision-making theory, the stage in which the final decision is made is referred to as ______
Rational decision making is a multi-step process starting with defining the problem. What is the next step in this process?
How does a cost-benefit analysis contribute to selecting the best solution?
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