Question
A merchant sold a bicycle at a loss of 10%. If he had
increased the selling price by Rs. 5250, he would have made a profit of 20%. Calculate the marked price of the bicycle, given that it was marked 25% above the cost price.Solution
ATQ,
Let the cost price of the bicycle be Rs. ‘x’. 1.20x – 0.90x = 5250 0.30x = 5250 x = 17500 So, marked price of the bicycle = 1.25 × 17500 = Rs. 21875
In the context of the Investment Function, which of the following best describes the 'Accelerator Principle'?
At the September 2025 meeting of the RBI’s Monetary Policy Committee, which of the following statements best describes the expected decision on the po...
High powered money comprises
Which of the following is not true
-
Monopoly form of market organization may be result of increasing ret...
-
For which preferences the income offer curve and the price offer curve are equal?
The impossible trinity is a concept in international economics which states that it is impossible to have all three of the following at the same time
What was the Financial Inclusion Index (FI Index) value in March 2024?
If demand is price inelastic, then
The arithmetic mean of the two regression coefficients is greater than or equal to:Â
Which of the following statements about graphs of short-run cost curves is false?
Relevant for Exams:
