Question
'G' labeled an item with a price tag that is 400% higher
than its cost price and later sold it to 'A' at a discounted rate of 25%. This transaction resulted in 'G' making a profit of Rs. 990. Determine the amount of discount provided by 'G'.Solution
ATQ, Let the cost price of the article for 'G' be Rs.'a' Therefore, marked price of the article = a + 400% of a = Rs.5a Selling price of the article = 0.75 × 5a = Rs.3.75a According to the question, 3.75a - a = 2.75a = 990 Or, a = (990/2.75) = 360 Therefore, discount offered by 'G' = 5a - 3.75a = 1.25a = 1.25 × 360 = Rs.450
Consumer goods are products purchased by the ultimate consumer, whereas _____ are products used in the production of other products for ultimate consumers.
When a car company builds a model with an aim of satisfying the needs of everyone and introduces that "customers can have it in any colour, as long as i...
What is the primary purpose of LinkedIn?
Krish wants to buy a new HD TV and has begun talking with his friends to learn more about the various brands of high-definition big screen televisions a...
Economics is making choices in the presence of _______.
If customers perceive a bank as “too expensive for average customers,” this is an example of:
Using a _______________ is often a great way to further develop a ______________ between consumer service expectations and actual experience.
All of the following are considered key logistic functions in supply chain, except:
Which CRM objective focuses on reducing customer exit rate?
jimmy does some research on the internet to see if there are any trends he can identify to undestand the slumping sales of his company's sail boats.He t...
Relevant for Exams:
