Question
Four friends ('P', 'Q', 'R', and
'S') went out for dinner and received a bill of Rs. 1,500. They divided it such that 'P' paid (1/4)th of what the other three paid together. 'Q' paid 10% less than the amount paid by 'P'. 'R' and 'S' paid equal amounts, which were Rs. 50 more than the amount paid by 'P'. Find the amount paid by 'Q'.Solution
ATQ,
Let the amount paid by 'P' be Rs. x. Amount paid by 'Q', 'R', and 'S' together = 4x. Total amount = 5x = 1500, So, x = 300. Amount paid by 'Q' = 300 × 0.9 = Rs.270.
Which of the following is an INCORRECT match in the context of economics?
(i) Study of an individual firm an industry - macro economics
<...Which of the following is/are true at equilibrium in a perfect competition?
(1) MR = MC
(2) AC = MC = AR = MR
(3) MC is falling
Which of the following statements are correct about trilemma in monetary policy
A. It is related to closed economy model.
B. It involves...
Which of the following defines ambient standards in an environmental policy
Which of the following statements is true?
Which of the following is true for a normal good when there is a decrease in consumer income?
The coefficient of regression of Y on X is byx = 1.2 , If A = (X-300)/4 and C = (Y-500)/6 find bCA
Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sit...
Which of the following is/are function(s) of a commercial bank?
(1) Accepting deposits
(2) Giving loans
(3) Payments and settlements
A firm should increase investment when :
