Question
A dealer bought a commodity for Rs. 'w'. He marked it up
by Rs. 1,800 over the cost and disposed of it after two successive discounts of 5% and 25%. What was the selling price of the commodity if the dealer profited Rs. 450 from this sale?Solution
ATQ, Marked price of the commodity = Rs. (w + 1800), 
The Indirect Utility function is = 12M3/27PxPy, where M is the income, P(x) is the price of commodity X and P(y) is the price of commodity Y....
Match the following
...
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