What does the economic term 'Cross Demand' relate to?
Cross demand, or cross elasticity of demand, examines how the quantity demanded of one good responds to changes in the price of a related good, reflecting their interdependence.
A student multiplied a number by 2/5 instead of 5/2 . What is the percentage error in the calculation?
If the price of rice has increased from Rs 40 per kg to Rs. 60 per kg, by how much percent a person has to decrease his consumption so that his expendit...
Rohit spent (R-4)% of his monthly income on food. Out of the remaining (R+7)% was spent on travelling. (1/6) of the remaining was spent on education. (2...
Sahil spent 10% of his monthly income on education, 20% on entertainment, 15% on rent, 40% on travelling and the rest on food. If the difference between...
The sum of the monthly incomes of ‘A’, ‘B’ and ‘C’ is Rs. 60000 which is 4 times the monthly income of ‘C’. If ‘A’ spends 60% of his...
When income of a man increases by Rs. 6000 then tax rate reduces from 18% to 15%. While in both the situation 25% income is tax free. Find his initial i...
In order to maximise his gain, a theatre owner decided to reduce the price of tickets by 10% and as a result of this, the sales of tickets increased by ...
The income of P is 3/4th of the income of Q and income of R is 70% more than the income of Q. Income of Q is Rs.24000 and expenditure of P is...
A person marks his goods 40% above the cost price. He sold 30% of goods at marked price, 60% of the remaining at a discount of 20% and remaining at 40% ...
A person spent 15% of his monthly income on food and 60% of the remaining on rent. If amount spent on rent is Rs 5798.70, then find the amount sp...
