Question
A shopkeeper marked up his articles 50% above its cost
price and sold it after two successive discounts of 15% and 30%, respectively. Find his profit percentage.Solution
ATQ, Let the cost price of the article be Rs. '100b'. Marked price of the article = 1.50 × 100b = Rs. '150b'. Selling price of the article = 150b × 0.85 × 0.70 = Rs. '89.25b'. Therefore, profit percentage = [(100b - 89.25b) ÷ 100b] × 100 = 10.75%.
The lines of regression of a bivariate population are:
            3x-4y=10 and 5y-9x=15. Calculate the correlation coefficient in ...
For which of the following consumption functions, the value of income multiplier, k=5?
According to the Solow Model, which factor is primarily responsible for sustained economic growth in the long run?
In a study examining the relationship between hours of study (X) and test scores (Y) of students, a bivariate regression analysis was conducted. The fol...
A company using first-degree price discrimination has a demand curve given by P=100−2Q. If the marginal cost of production is $10 per unit, what is th...
What will happen when supply elasticity is less than demand elasticity?
Which of the following statements is incorrect regarding Phillips’s curve?
7Â Â Â Â Â Â Â Â Â Â Â Â Â Â 41Â Â Â Â Â Â Â Â Â Â Â 207Â Â Â Â Â Â Â Â Â 825Â Â Â Â Â Â Â Â Â 2479Â Â Â Â Â Â Â 4953
12       a  ...
Hirschman takes divergent series of investment as a project that :
A spot purchase of a currency coupled with simultaneous forward sale of the same currency is called:
