Question
The ratio of the cost price to the marked price of an
article is 2:3 and the ratio of the profit percentage to the discount percentage is 3:1. Find the profit percentage.Solution
CP:MP = 2x:3x Profit = MP – CP = 3x – 2x = x Profit% : Discount% = 3:1 Let CP = 200 and SP = (2x + x = 3x) = 300 According to question, => (3x/100) × 200 + (x/100) × 300 => 6x + 3x = 9x => 9x ----100 => x = 11.11% Profit % = 3 × 11.11% = 33.33%
Upon which economic model was India's first Five-Year Plan based?
The annual rate of growth of GDP has been the lowest in which Five Year Plan?
Which of the following comes under the Core Sector?
Farming large areas with minimal labor and capital inputs is known as:Â Â
One of the features of a free market economy isÂ
The terms 'Micro Economics' and "Macro Economics" were coined byÂ
What does 'SLR' stand for in economic terms?
Which one of the following is not one of the main objectives of the (Special Economic Zones Act) SEZ Act 2005?
Identify the true characteristics of a Capital Good.
   A. It is a produced durable output of a man-made process.
   B. It again a...
SEZ is an abbreviation for which term, denoting areas that drive economic growth?Â
