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When the marginal cost is less than average cost, average cost falls with an increase in output. Thus as long as the MC curve lies below the ATC curve, the ATC curve will slope downwards.
A merchant sold an article at a loss of 12%. If the cost price was increased by 20% and the article was sold at a profit of 12%, find the percentage inc...
A dishonest dealer professes to sell his goods at cost price, but he uses a weight of 990 gm for the kg weight. Find his gain per cent.
...A shopkeeper sells an article for ₹18,500 at a loss of 20%. What was the cost price of the article?
Gita purchased 4 mobiles, 16 watches, and 8 tablets for Rs. 320, Rs. 960, and Rs. 480, respectively, from a seller. By selling each mobile and each watc...
The profit earned after selling an article for Rs.1643 is the same as loss incurred after selling the article for Rs.1121. What is the cost price of the...
Some toffees were bought at rate of 11 for Rs10 and same number at the rate of 9 for Rs10. If the whole lot was sold at one rupee per toffee, then gain%...
The shopkeeper purchased an article for Rs. "X." He marked the article __________% above its cost price and allowed a ________% discount on the marked p...
A shopkeeper bought 80 identical books priced at Rs. 320 each. He spent a total of Rs. 3600 on transportation and packaging. He put the label of...
A shopkeeper sells an article for Rs 80 and earns thrice the profit that he would have earned on selling this article for Rs 69. Find the C.P of ...
Seema sold a laptop at a profit of 15%. If she had bought it at 10% less and sold it for ₹ 2,100 less, she would have gained 20%. What was the cost p...