Veblen Goods are a class of goods that do not strictly follow the law of demand, which states that there exists an inverse relationship between the price of a good or service and the quantity demanded of that good or service. Veblen goods violate the law of demand after prices have risen above a certain level.
A school bag is sold for Rs.360 after giving two successive discounts of 20% and 25%. If school bag is marked up by Rs.300 above its cost price, then fi...
'P' sold an item to 'Q' at 12.5% profit, 'Q' sold it to 'R' at 33(1/3)% loss. If 'R' paid Rs. 1,800, then find the price at which 'P' bought the item.
A bought an article at 25% less of the marked price and sold it at 20% more than the marked price. Find the profit earned by him.
Matthew sells Chocolates in the packs of 6 chocolates, 12 chocolates, 18 chocolates and 24 chocolates etc, but the rate is necessarily uniform. One day...
A shopkeeper sold an article after giving a discount of 23% and made a profit of Rs.26. Find the difference between the marked price and selling price o...
A shopkeeper sells an article with two consecutive discounts of 10% and 20%, respectively, on a marked price of Rs. 1200. If the cost price of the artic...
A dishonest fruit seller sells fruits at 8 % loss. If he uses 860gm weight in place of 1kg weight, then what is his profit percent?
A school bag is sold for Rs.540 after giving two successive discounts of 10% and 20%. If school bag is marked up by Rs.400 above its cost price, then fi...
Ram spent 20% of his monthly income on study and 72% of the remaining on rent. If amount spent on rent is Rs. 2016, then find the amount spent on...
A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is
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