Question
The ratio of cost prices of two articles βAβ and
βBβ is 12:11 respectively and the average cost price of articles βAβ and βBβ is Rs. 2300. If articles βAβ and βBβ are sold at profit of 30% and profit of Rs. 500 respectively, then what is the average selling price of the given two articles?Solution
Let the cost price of articles βAβ and βBβ be Rs. 12y and Rs. 11y respectively Sum of cost price of articles βAβ and βBβ = 2300 Γ 2 = 4600 => 12y + 11y = 4600 => 23y = 4600 => y = 200 So, cost price of article βAβ = 12y = Rs. 2400 Cost price of article βBβ = 11y = Rs. 2200 Selling price of article βAβ = 2400 Γ (130/100) = Rs. 3120 Selling price of article βBβ = 2200 + 500 = Rs. 2700 So, average selling price of given two articles = (3120 + 2700) Γ· 2 =Β Rs. 2910
The theory of purchasing power parity says that Β Β Β Β Β Β .
At point A, inflation is equal to the underlying rate of inflation and output is at the level of output consistent with the equilibrium unemployment rat...
Suppose the wedding dress industry is a perfectly competitive constant cost industry. Suppose also that market demand for wedding dresses is described b...
For the 2 variables x and y with the same mean, the regression equation are y = 5x+b and x=7y +c. Calculate b/c
Umar has the utility function U(b,w) = min (b,w) and Akshat has the utility function U(b,w) = bw. If we draw an Edgeworth box with b on the ho...
Calculate Disposable income if, Consumption (C) = 200, Investment (I) = 50, Government purchases (G) = 70, Government transfer payments (TP) = 150, Taxe...
Indiaβs CO2 emissions in last decade?
What is the Capital to RiskWeighted Assets Ratio (CRAR) of scheduled commercial banks (SCBs) as of end March 2024 according to the Financial Stability R...
The correlation coefficient between X and -X is:
Β
then the number of pure strategy Nash Eq...