Question
A shopkeeper purchased an article for Rs. ‘a’ and
marked it 140% above its cost price and sold it after giving two successive discounts of Rs270 and 20%, respectively and earned a profit of Rs. 4a/5. Find the marked price of the article.Solution
Selling price of the article = a + (4a/5) = Rs. (9a/5) So, (9a/5) = (2.4 × a – 270) × 0.80 Or, 1.8a = (2.4a – 270) × 0.80 Or, 2.25a = 2.4a – 270 Or, 0.15a = 270 Or, a = 1800 So, marked price of the article = 2.4 × 1800 = Rs. 4320
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What is a typical generic question in an insurance proposal form?
Which of these changes would typically require an endorsement?
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In case of ambiguity in policy wording, which rule is applied?
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What is NOT a common express condition in an insurance policy?
A seller’s market in which insurance is expensive and in short supply is termed as?
