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The four factors that affect price elasticity of demand are (1) availability of substitutes, (2) if the good is a luxury or a necessity, (3) the proportion of income spent on the good, and (4) how much time has elapsed since the time the price changed. If income elasticity is positive, the good is normal.
Selling price of article ‘A’ when sold at a profit of 35% is Rs. 120 more than its selling price when sold at a loss of 40%. If the cost price of ar...
A merchant sets the price of an article 60% above its cost price and offers a discount of 25% while selling it. If his profit on ...
A shopkeeper sold an article at marked price and got a profit of 50%. If he had given a discount of 20%, then find his new profit percent.
A trader buys 120 kilograms of rice at a price of ₹45 per kilogram, incurring a total cost for the entire quantity. He decides to sell a certain porti...
A shopkeeper bought two articles for Rs. 150 each. If he sold one of them at 40% profit and the other at 30% loss, then find the difference between the ...
A shopkeeper marks the price of an article 25% higher than its cost price. The marked price is Rs. 12,000. He offers two successive discounts of 10% and...
A purchased an article for Rs 1300. She sold the article at 12% profit. She then added Rs 400 to the amount received and purchased a purse such that the...
A shopkeeper sold an article at a discount of 14%. If he had given a discount of 8.5% in place of 14%, then he would have earned Rs. 143 more. If the co...
