Question
Person 'P' purchased two watches
at the same price. One of the watches was sold at a profit of 26%, while the other was sold at a loss of 36%. The difference between the selling prices of the two watches amounts to Rs. 3100. Determine the profit that 'P' would earn if he sold one of the watches at a profit of 36%.Solution
ATQ, Let the cost price of each watch be Rs. '100x'. So, selling price of first watch = Rs. 100x × 1.28 = Rs. '128x' Also, selling price of second watch = Rs. 100x X 0.64 = Rs. '64x' ATQ, (128x - 64x) = 3100 Or, 62x = 3100 So, 'x' = 50 Cost price of the watch = Rs. 100 × 50 = Rs. 5000 Therefore, the required price = 5000 × 0.36 = 1800
Which of the following is NOT a benefit of career development and management systems for managers?
In comparison to a small group communication, in organizational communication which of the following can be said true __?
Regional Rural Banks were created on the recommendation of:
In the context of Cash Credit (CC) facilities, what does the term 'Drawing Power' refer to?
According to Union Budget 2023-24, consider the following statements regarding MSMEs:
1. Medium enterprises with turnover up to Rs 2 crore and ce...
Most of the widely used global security indices are:
Customer service in a bank branch has been disrupted for 2 hours, due to failure of the central server. What type of risk is this?
What is the minimum tradable amount at which treasury bill is quoted in secondary market?
What is the name of the short-term advance given by the RBI to the government if it shows the negative balance?
What growth forecast for India did S&P Global Ratings retain for FY25?
Relevant for Exams:
