Question
Article ‘A’ and ‘B’ has equal cost prices.
Article ‘A’ is marked up by 23% above its cost price and sold after giving some discount and there is a profit of 18% in the whole transaction. Article ‘B’ is marked up by amount equal to the discount offered on article ‘A’. The marked price of article ‘B’ is Rs. 2100. Find the selling price of article ‘A’.Solution
Let, the cost price of article ‘A’ and ‘B’ be Rs. x Marked price of article ‘A’ = Rs. 1.23x Selling price of article ‘A’ = Rs. 1.18x Discount offered on article ‘A’ = 1.23x – 1.18x = Rs. 0.05x According to the question, 0.05x + x = 2100 => x = 2100/1.05 = Rs. 2000 Selling price of the article ‘A’ = 1.18x = Rs. 2360
Market is a place of ______.
What percent of shareholding is under National Bank for Agriculture and Rural Development (NABARD) in Agriculture Insurance Company of India Limited?
In which type of insurance, schemes are offered by insurance companies to provide certain classes of individuals, the benefit of insurance coverage at m...
A policy that covers loss or damage to a householder's property is:
Which feature is not allowed in the Indian insurance market?
Reinsurance placed with a company not authorized in the reporting company’s state of domicile is called?
The amount charged by the insurer to provide the life cover to policy holder on the life of the life Insured is known as?
The portion of risk that a reinsurance company cedes or amount of insurance the company chooses not to retain is called?
What does the preamble of an insurance policy NOT typically include?
The 'Own Damage' cover in a motor insurance policy protects the insured against:
