Question
A shopkeeper sold an article at marked price and got a
profit of 50%. If he had given a discount of 20%, then find his new profit percent.Solution
ATQ, Let the cost price of the product be Rs. 100 Then, marked price = selling price = 100 × 1.50 = Rs. 150 If he allows a discount of 20%, then new selling price = 0.80 × 150 = Rs. 120 New Profit = (120 – 100) = Rs. 20 So, required profit percentage = 20%
In a perfectly competitive market, a firm’s long run supply curve is
Find MR when ed=0.5 and P=10
Which of the following statements is not true regarding ICRA?
In the Heckscher-Ohlin (H-O) Model of international trade, the Stolper-Samuelson Theorem predicts the long-run effect of opening to trade on factor retu...
  Which of the following best explains why the J-curve effect occurs?
Which of the following best describes the core principle of the Taylor policy rule?
Expansionary fiscal policy in the classical model will cause aggregate demand to-----potential output?
Which of the following statements is not true regarding BIS?
Which of the following statements is incorrect?
Which probability distribution is appropriate for modeling the number of occurrences of an event in a fixed interval of time or space?
