Question
A shopkeeper purchases rice of two varieties ‘A’ and
‘B’ at Rs. 24 per kg and Rs. 18 per kg respectively. He mixes 1 kg of variety ‘A’ rice with 2 kg of variety ‘B’ rice and sells the mixture at Rs. 33 per kg. What is his profit percent?Solution
Cost price of 3 kg of the rice mixture = 24 + 18 × 2 = Rs. 60 Cost price of 1 kg of the rice mixture = 60 ÷ 3 = Rs. 20 So, profit percentage = (33 – 20) ÷ 20 × 100 = 65%
Why is anonymity important in certain situations?
What is the significance of the ethical principle of responsibility and accountability in business ethics?
Why is empathy important for administrators in public services?
In the context of civil service, what does impartiality for civil servants entail?
Which document details the qualifications, skills, and attributes required for a particular job?
What is a common strategy for career advancement?
What is a crucial element of responsiveness in customer service?
Which theory suggests that people are motivated by a hierarchy of needs, starting with basic physiological needs and progressing to self-actualization?
When a public official engages in favoritism in the allocation of public resources, which ethical principle is compromised?
How does temperance contribute to a healthy lifestyle?
