Marked price of the Saree = 1500 × 1.50 = Rs. 2250 Selling price of the Saree = 2250 × 0.9 × 0.8 = Rs. 1620 So, profit earned = 1620 – 1500 = Rs. 120
The discount rate that makes the present value of expected cash flows from the project equal to the initial cost of the project is called:
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