Question
A vendor buys a certain quantity
of fruits at the rate of 32 fruits for Rs. 24 and the same quantity at the rate of 48 fruits for Rs. 40. He then sells all the fruits at a rate of 60 fruits for Rs. 60. Calculate his profit or loss percentage.Solution
ATQ,
Total cost price = {(24/32) + (40/48) } ÷ 2 = Rs. (19/24) Total selling price = (60/60) = Rs. 1 So, profit earned = 1 - (19/24) = Rs. (5/24) So, gain percentage = {(5/24) /(19/24) } × 100 = (500/19) % gainÂ
Suppose the money supply in Mexico grows more quickly than the money supply in the USA. We would expect that
An economist calculated the cross-price elasticity of demand for nicknacks and gizmos and got -0.5. What can she conclude about the relationsh...
Find the value of Lerner index if P=10 and MR= 5
A card is drawn randomly from a deck of ordinary playing cards. You win Rs.900 if the card is a spade or a king. What is the probability that you will w...
Knife-edge equilibrium means:
In classical linear regression model if we add in 90 in X and Y observation and re-estimate the regression model then slope coefficient
Demand and supply equations were given as Qd = 300 - P, Qs = P/2 and govt imposes specific tax you had to find quantity at which tax revenue is maximized?
Consider the matching-pennies game:
Let p= probab...
From an economic efficiency perspective, what is the socially optimal level of pollution? State the fundamental condition (in terms of marginal cost and...
During which plan, there was focus on indigenous growth?
