Question
Which of the following statements about GDP and Welfare
are correct? 1) GDP of a country is a indicator of welfare of the people. 2) If GDP is rising, the welfare may not rise equally. 3) GDP and Welfare both are not related each other.Solution
Option 1 and 2 both are correct. 3.GDP and Welfare both are not related each other. - This statement is incorrect. While GDP and welfare are not synonymous, they are related. Generally, a higher GDP may enable a government to spend more on public services, healthcare, and education, which can improve the general welfare. However, the relationship is not direct or guaranteed, as GDP does not measure several factors crucial to assessing welfare directly.
Marked price of an article is Rs.320 more than its cost price. If profit earned is equal to the discount given then find the profit earned?
- A trader purchases an article for Rs. 2,600. It is marked at 20% above cost price and then sold after offering a discount of Rs. 200. Determine the profit ...
A trader marked an article 40% above its cost price and sold it after allowing a discount of 25%. If the transaction resulted in a profit of Rs. 30, the...
If the selling price of an item is 3/4 of its cost price, then what will be the loss/profit percentage?
A shopkeeper sold an article after offering two successive discounts of 17% and 15%, respectively. The marked price of the article is Rs. 1200. If the c...
- The marked price of a book is 130 percent of its cost price. If a 20% discount is offered while selling the book, find the profit percentage.
- The amount discounted on a microwave oven is Rs. 1000, which is Rs. 400 less than the gain obtained from its sale. If the microwave’s cost is Rs. 1200, d...
The sum of the income of Raj and Roni is Rs. 168000. A spends 50% of his income and B spends 75% of his income in such a way that B’s saving is Rs. 90...
- An item is marked at 48% above its cost price. If the marked price is Rs. 14,800 and the shopkeeper gives a discount of 30%, find the profit amount.
Cost price of an article P is Rs. 500 less than that of Q. P and Q are marked 50% and 25% above their cost price respectively. P and Q are sold after al...
