A shopkeeper sold an article at a gain of 20%. Had he bought it for 20% less than the original cost and sold it for ₹10 less, he would have gained 25%. Then the Cost Price of the article is:
Let the actual cost price be Rs. 100x So, actual selling price = 100x × 120% ⇒ Rs. 120x Now, If he had bought it at 20% less than the actual then its cost price = 100x × 80% ⇒ Rs. 80x Now, new selling price = 80x × 125% ⇒ 100x According to the question, 120x - 100x = 10 ⇒ 20x = 10 ⇒ x = 1/2 So, actual cost price = 100 × (1/2) ⇒ Rs. 50 ∴ The Cost Price of the article is Rs. 50.
Consider the following statements regarding the Minimum Support Price (MSP) system in India:
I. MSP is the rate at which the government purcha...
The Reserve Bank of India Governor Shaktikanta Das-headed Monetary Policy Committee and has decided not to raise the repo rate, keeping it at 6.5%.In...
How many minimum members would be there in Social Stock Exchange Governing Council as per the recent framework provided by SEBI?
What is the target for Fiscal Deficit as a % of GDP for FY23 as given in the Union Budget 2022-23?
A bank certificate issued in more than one country for shares in a foreign company. The shares are held by a foreign branch of an International Bank. T...
Who has been appointed as a Vice-Chairperson of NITI Aayog by the Centre recently in April 2022?
What is the maximum limit of subscription for individuals in Sovereign Gold Bond per fiscal year?
BookMyShow and RBL Bank have collaborated to offer the new credit card called “Play” to increase the entertainment value for the Indian customers....
Lenders shall report credit information, including classification of an account as SMA to Central Repository of Information on Large Credits (CRILC), o...
What is the contributing of MSME sector in the country’s Gross Domestic Product (GDP)?