Let CP = 100 & MP (labelled price) = 155 From (i), When profit = 45.5% so SP = 145.5 then there will be Rs. 9.5 Discount. Now if there will be twice discount means Rs. 19 discount then New SP = 155-19 = Rs. 136, then profit will be 36%. Hence (i) is possible. From (ii), When profit = 33% so SP = 133 then there will be Rs. 22 Discount. Now if there will be twice discount means Rs. 44 discount then New SP = 155-44 = Rs. 111, then profit will be 11%. Hence (ii) is not possible. From (iii), When profit = 42.5% so SP = 142.5 then there will be Rs. 12.5 Discount. Now if there will be twice discount means Rs. 25 discount then New SP = 155-25 = Rs. 130, then profit will be 30%. Hence (iii) is possible. From (iv), When profit = 40% so SP = 140 then there will be Rs. 15 Discount. Now if there will be twice discount means Rs. 30 discount then New SP = 155-30 = Rs. 125, then profit will be 25%. Hence (iv) is not possible.
The Committee on Insurance Sector Reforms was set up in
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Which type of tax is levied directly on income and wealth?