Income elasticity of inferior goods is ........................?
The demand for inferior goods rises when the real income of consumers falls and vice versa. Hence, income elasticity of demand for inferior goods is negative.
Mr. Joseph makes 1800 articles at a cost of 40 paise/article. He fixed the selling price such that if only 1000 articles are sold, he would have made pr...
The percentage profit earned when an article is sold for Rs. 420 is four times the percentage profit earned when the same article is sold for Rs. 330. ...
A trader bought an article for Rs. 1500 and marked it 25% above of its cost price. If he sold it after giving a discount of Rs. 30 then find the profit ...
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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...
A man earns a profit of 10 percent by selling a mobile for a certain price. If he sells that mobile at double the price, then what will be the profit p...
Two identical items are sold for Rs.200 each, with 10% gain on one but 10% loss on the other. What is the net percentage loss or gain?
An item is purchased for ₹400. What should be its selling price to achieve a 15% profit?
A seller initially marked the price of an article 25% higher than its cost price. However, to finalize the sale, a 30% discount was offered on this mark...
Devesh sells his car to Pranav at a profit of 20% who sells it to Hemraj at a loss of 20%. Hemraj, after finding some scratches in the car, ret...
