Question
A man buys two cows for a total of $4,000. He sells one
at a 20% profit and the other at a 20% loss. If the selling prices of both cows are the same, find the cost price of each cows.Solution
Let the cost price of the first cow be x. Then the cost price of the second cow will be (4000 – x) Selling price of the first cow = 120% of x Selling price of the second cow = 80% of (4000 - x) Given that both selling prices are the same: 120% of x = 80% of (4000 - x) 3x = 2(4000-x) 3x = 8000-2x 5x = 8000 x = 1600 4000-x = 4000-1600 = 2400
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What is the benefit of using problem-solving techniques, such as the 5 Whys?
Which of the following is not a disadvantage of group decision making?
Decision making process first requires identification of problem. Which of the following types of problems can be considered here?
In which decision-making technique do experts provide their opinions anonymously to avoid bias, and a consensus is reached after several rounds?
Which of the following is not a feature of a strategic decision?
Decision making is an important part of management functions. Which of the following functions it is most closely related to?
When people take decisions based on the most currently presented items or experiences, it is called _____
Which of the following is a not feature of a programmed decision?
Which of the following best describes a decision tree?
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