Question
A shopkeeper planned to sell 200 shirts each priced at
Rs 2,240 in a particular year. Each shirt, if it had been sold at the mentioned price would have been possibly earned him a 40% profit. However, 100 out of these 200 shirts were sold at a discount of Rs 240 each shirt during the festival season. Find the maximum possible number of shirts one could have bought during the festival season with an amount that is same as the profit earned by the shopkeeper in the entire year?Solution
Actual price of each shirt = Rs. (100/140) × 2,240 = Rs 1,600 Profit earned during non-festive season = Rs (2,240 – 1,600) × 100 = Rs 64,000 Profit earned during festival season = (2,000 – 1,600) × 100= Rs 40,000 Total profit = Rs 1,04,000 Cost of a shirt during festival season = Rs 2,000 Now, (1,04,000/2000) = 52 Maximum number of shirt that can be bought = 52
With reference to the acquisition of Citizenship under the Citizenship Act of 1955, consider the following statements:
1. The children of foreign...
Article 371 A of the Constitution of India provides special privileges to
Who is the Chief Legal Advisor to the Government of India?
In which year was the Hindu Succession Act, 1956 amended to include equal inheritance rights for daughters?
What is the notice period required for introducing a private member's bill in the Lok Sabha?
Who first introduced the concept of the 'State' in political theory?
Which constitutional articles were modified by the 24th Amendment Act of 1971?
Subansiri Lower Hydro Electric Project (SLHEP) is located on the border of which two states?
Consider the following statement with reference to the International Council on the Monuments and Sites (ICOSMOS):
1. It is a global inter-govern...
To whom is the Council of Ministers collectively responsible?Â