Question
A jeweler sells a necklace for Rs. 4000 with a 25%
profit and a bracelet for Rs. 1200 with a 20% profit. If the necklace is sold for Rs. 3500, what is the minimum price at which he must sell the bracelet to not incur a loss?Solution
ATQ, Given: Necklace sold for Rs. 4000 at a 25% profit. Bracelet sold for Rs. 1200 at a 20% profit. Assumption: Cost price of the necklace = Rs.'n' and cost price of the bracelet = Rs.'b'. Calculation for the necklace 
Calculation for the bracelet :Â 
If the necklace is sold for Rs.3500, the loss = 3200−3500=−300. Total cost = 3200+1000 = 4200. To avoid any loss = 3500+p = 4200 ⇒ p = 700 He must sell the bracelet for at least Rs.700 to avoid any loss.
GATT was established in 1948 with ______ countries as the global trade organisation to administer all multilateral trade agreements by providing equal o...
Consider the following statements about Bonds:
1. Bonds are units of corporate debt issued by companies and securitized as tradable assets.
...Which of the following is a grant provided on concessional interest rates to developing countries, which has to be repaid by the borrowing government?
Amazon Web Services has entered into the partnership with which IT company to help financial organisations across Europe, the Middle East, and Africa (E...
Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD ______ per financial year.
Which of the following is NOT a type of mutual fund?
In which year was the Securities and Exchange Board of India (SEBI) established as a statutory body?
RBI granted Scheduled Payment Bank Status to Airtel Payments Bank, now APB is listed in 2nd schedule of _______?
Which of the following bank renamed and nationalised as the State Bank of India in 1955?
Where are the headquarters of Zomato?
