Giffen goods are highly inferior for which the negative income effect outweighs the positive substitution effect. Therefore even though price falls, the quantity demanded still decreases which is negative.
A retailer purchased a product for Rs. 'y'. He increased its price by Rs. 2,500 above the cost price and then sold it after applying two successive disc...
P purchased a book from registered store and gets 12% discount while Q purchased the same book from a roadside stall and got 15% discount. If Q paid Rs....
The difference between the cost price and sale price of an article is Rs.680 and the profit is 32%. Find the selling price.
A shopkeeper marks up his goods 35% above the CP and gives 23% discount to the customer .at the time of buying he uses 1120g instead of a 1kg and at the...
A product is sold for ₹1050, but its marked price is ₹1400. Calculate the discount percentage given by the shopkeeper.
Sakshi purchased 36 chocolates for a total of Rs. 45. She then sold 24 of these chocolates for Rs. 39. If Sakshi's profit percentage from this transacti...
A person buys 5 tables and 9 chairs for Rs15,400. He sells the tables at 10% profit and chairs at 20% profit. If his total profit on selling all the tab...
Akash marked a bag of chips at Rs.240 higher than its cost price. He sold it after applying two successive discounts of 10% and 2...
'P' sold an item at a profit of 40%. If the cost price of the item had been Rs. 150 less and its selling price had been Rs. 30 mo...
A shopkeeper allows two consecutive discounts of 20% and 25% on an article and still he makes a profit of 32% by selling it. He would make Rs.2332 less ...
