A shopkeeper earns a profit of 30% by selling an article. What would be the approximate percent change in the profit percent, if he had paid 20% less and sold at 20% more?
Original profit = 30% Let the original C.P = Rs. 100 ∴ S.P = Rs.130 Now, New C.P = Rs. 80 And New S.P = 120 % of 130 = Rs. 156 ∴ New Profit % = 76/80 × 100 = 95% ∴ % change in profit percent = (95-30)/30 × 100 = 65/30 × 100 = 216.66% approx.
In the context of Indian economy, which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?
1. To enable the ...
Consider the following statements about the Bureau of Pharma PSUs of India (BPPI):
1. It is the implementing agency of Pradhan Mantri Bhartiya Ja...
Bank rate means?
Which of the following companies is the 16th Navaratana company of India?
According to the Harrod - Domar growth model, the GDP is ___
When did Indian became the member of International Energy Agency?
The Reserve Bank of India observed ______________, 2022 as Financial Literacy week 2022.
When there is an official change in the exchange rate of domestic currency, then it is called:
What does the “E” stand for in OECD.
How do NBFCs contribute to the economic development of the country?