Question
A milk seller assures that he
sells at cost price but delivers 900 ml of a mixture that contains 180 ml of water. What percentage profit does he make, knowing that water costs nothing?Solution
ATQ, Let the cost price of 1 ml of milk be Rs. '100x'. Quantity of milk in the final mixture = 900 - 180 = 720 ml So, the cost price of the mixture = 720 X 100x = Rs. '72000x' Selling price of the mixture = 900 X 100x = Rs. '90,000x' So, profit percentage = [(90000 - 72000) / 72000] X 100 = (18000 / 72000) × 100 = 25%
In the Solow model, what is the effect of an increase in the saving rate on the long-term growth rate of an economy?
If indirect taxes are subtracted and subsidies are added to Net Domestic Product at market price we get
Consider an economy described by the following equations:
 C = 100 + 0.6 ∗ (Y − T) (consumption function)
Which one of the following cannons of taxation was not advocated by Adam Smith?
Which of the following is not true
-
Monopoly form of market organization may be result of increasing retur...
-
In a multiple linear regression model, the presence of perfect multicollinearity among the explanatory variables will primarily result in which of the f...
The Lucas Critique asserts _______
For a dataset, if the mean is 100 and the median is 90, the distribution is most likely:
Endogenity is associated with which of the following ?
Relevant for Exams:
