Question
Two goods, R and S, are sold at 30% profit and 15% loss
respectively. If the cost price of S is Rs. 240 and the overall profit is Rs. 24, find the cost price of R.Solution
ATQ, Let the cost price of R be Rs. x. ATQ; (x × 1.30) + (240 × 0.85) = x + 240 + 24 Or, 1.30x + 204 = x + 264 Or, 0.30x = 60 So, x = 200 Therefore, the cost price of R is Rs. 200.
The pre-dispositioning theory of decision making was given by ___________
Decision Matrix is a type of __________ technique of decision making.
What is the risk of choosing a solution solely based on personal preferences?
What is the purpose of evaluating the feasibility of possible solutions?
Which of the following correctly defines decision making?
The tendency to blame others when things go wrong, instead of looking objectively at the situation is known as __________ bias.
What does the final step, making the decision, involve?
When the decision maker chooses the optimal solution to a problem that maximises the outcome, after careful analysis, it is known as ________
One technique of decision making is a type of brainstorming technique that requires participants to pen down the ideas individually and then rank the id...
Which of the following best describes the normative model of decision making?
