Question
A man sells two pipes at 12 each. He gains 20% on one
and loses 20% on the other. In the whole transaction, there isSolution
We know that overall loss% = 4% {by 20 – 20 – (20 × 20)/100 = - 4%} 4% = 1/25 25 is CP so SP = 24 Therefore, loss of Rs. 1 will incurred in overall transaction.
In an inventory control model the ‘Buffer stock’ is the level of stock
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