Question
A merchant made a profit of Rs. 600 on selling a gadget.
Had the cost price been Rs. 400 lower and the selling price Rs. 900 more, the profit would have been 100%. What was the original selling price?Solution
ATQ,
Let the original cost price be Rs. x.
Original selling price = x + 600
New cost price = x - 400
New selling price = x + 1500
So,
2(x - 400) = x + 1500
⇒ 2x - 800 = x + 1500
⇒ x = 2300
Original selling price = x + 600 = Rs. 2900
Which of the following best illustrates the concept of derived demand?
Which method of classifying retail outlets would be most appropriate for describing McDonald's, Holiday Inn, and Subway-all franchise operations?
All transportation modes can be evaluated by using all of the following criteria, except:
Hihome shopping centres receive 100 Kgs of Apples every day, they then sort them as either "A," "B," or "C" grade apples and price accordingly. This act...
The means by which the advertising message is communicated to the target audience is through:
DDN club health magazine is a publication that is sent to all senior club members, who by organization definition have to be at least 50 years old to jo...
Panasonic Smart TVs come with a 1-800 number for customers to call and receive help setting up their new machine. This is an example of:
Farmers selling the produce they grew on their farms from the back of their pickup trucks to local people that drove by on the road, are an example of a:
While eating dinner you receive a call from someone asking if you need a personal loan. This is an example of?
Which of the following is NOT a step in the marketing research process?
Relevant for Exams:
