Question
A shopkeeper marked an article ‘A’ 5% above the cost
price and sold it for Rs. 11088 after giving a certain discount while he sold an article ‘B’ for Rs. 1344. If cost price of article ‘B’ is Rs. 960 and profit percentage earned on selling article ‘B’ is 60% more than discount percentage given on selling article ‘A’ then find the cost price of article ‘A’.Solution
Percentage profit earned on selling article ‘B’ = [(1344 – 960)/960] × 100 = 40% So, percentage discount given on selling article ‘A’ = 40/1.6 = 25% So, marked price of article ‘A’ = 11088/0.75 = Rs. 14784 Cost price of article ‘A’ = 14784/1.05 = Rs. 14080
When two regression coefficients bear same algebraic signs, then correlation coefficient is:
Under Perfect Competition, Consider X’s production function to be Q=(min{K,L})1/2 , the price of capital is Rs.2 and price of labor is Rs.1...
When exchange rate in terms of domestic currency rises:-
When a straight-line demand curve is tangent to curvilinear demand curve then the elasticity of the curves at point of tangency is
The Comparative advantage theory was first developed by:
According to the neoclassical growth model, which of the following statements is false ?
What is the Cash Reserve Ratio (CRR)?
If the expected value of the error is not zero, it is a problem only if this expected value is
If the R2 value for a regression line is 0.70 for 50 observations. What is the adjusted R-square value if the number of independent variable...
What will be the value of P(not E) if P(E) = 0.07?
