Under bounded rationality, one of the limiting factors for making optimal decisions is information imperfection. What does information imperfection mean?
Information imperfection refers to the lack of information a consumer has. It refers to information not known to the decision maker, which if he/she was aware of, the decision would have been different.
After getting two successive discounts, Seema got a shirt at ₹153, for which the marked price was ₹200. If the second discount was 15%, the first d...
The marked price of an article is Rs 1500. A shopkeeper sells it by giving 20% discount on its marked price. If the cost price of the article is Rs 991....
A shopkeeper marked an article P% above its cost price and sold it for Rs. 1440 after giving a discount of 20%. If the ratio of cost price and selling p...
A product has a cost price of Rs. 480. It is marked up by 25% above its cost price and is sold after a discount of 15%. Calculate...
A man sold 30 articles for ₹100 and gained 20%. The number of articles he bought for ₹100 was:
A shopkeeper marked an article P% above its cost price and sold it for Rs. 640 after giving a discount of 22%. If the shopkeeper had a loss of 6.4% on t...
A man bought an article at 25% less of the marked price and sold it at 15% more than the marked price. Find the profit earned by him.
...Marked price of an article is Rs.280 more than its cost price. If profit earned is equal to the discount given then find the profit earned?
A shopkeeper sold an article after giving a discount of 20% and made a profit of Rs. 70. Find the marked price of the article if cost price of the artic...
A shopkeeper bought two article A&B for a total of rupees 3500. He marked Article A 140% above its cost price and sold it after giving a discount of 20%...
