Question
A merchant sets the price of an item Rs. 6,000 higher
than its original cost and offers a discount of 16(2/3) %. As a result, the merchant makes a 25% profit. Determine the original cost of the item.Solution
Let, the cost price of the item be Rs. '100x'. ATQ, 1.25 X 100x = (5/6) X (100x + 6000) Or, 125x X 6 = 500x + 30000 Or, 750x - 500x = 30000 Or, 250x = 30000 Or, x = (30000/250) = 120 So, the cost price of the item = 100x = 100 X 120 = Rs. 12,000
When an individual’s consumption decreases the wellbeing of others, but the individual does not compensate those others. It is the case of__________.
The value of expenditure multiplier when marginal propensity to save is 0.4 is
Consider an economy described by the following equations:
 C = 100 + 0.6 ∗ (Y − T) (consumption function)
___________ refers to the degree of correlation of the same variables between two successive time intervals
Which of the following is correct regarding the Durbin-Watson Test?
...What is the Disinvestment Target of the government in the Union Budget 2022-23?
Concepts of displacement and concentration effect in public expenditure are attributed to
-
A.C. Pigou an...
-
Expansion path is related to production theory similarly ________________ is related to consumption theory
Under the PM-KISAN Scheme, the Centre transfers an amount of ________ per year, in ___________ equal instalments, directly into the bank accounts of al...
Relevant for Exams:
