Question
A trader purchased a table for Rs. 5,000 and a chair for
Rs. 2,000. He sold the table at a profit of 30% and the chair at a loss of 25%. Calculate the total profit or loss in the transaction.Solution
ATQ,
Sum of cost price of the table and chair = 5000 + 2000 = Rs. 7,000
Selling price of the table = 5000 × 1.30 = Rs. 6,500
Selling price of the chair = 2000 × 0.75 = Rs. 1,500
Total profit in the transaction = (6500 + 1500) - 7000 = Rs. 1,000
To encourage local production of corn by Canadian farmers, the Canadian government limits the amount of corn that can be shipped in from the United Stat...
The process of segmenting a market and selecting specific segments as targets is the link between various buyers' needs and:
A dealer is another more imprecise term for each of the following EXCEPT:
Services such as restaurants and child care are evaluated on _____ properties.
What is the role of business firms in an economy?
Buying a book at www.amazon.in to give as a birthday present is an example of a(n) _____Â transaction.
Consumers' ability to perceive taste differences in chocolate bars is an example of:
All of the following steps are part of the planning process used to develop an organization's advertising program EXCEPT:
Direct selling involves ______ active customer involvement and _______ active retailer involvement.
A Chimney company calls potential customers to understand if they are interested in purchasing a new chimney in the next three years. The company is con...
Relevant for Exams:
