Let the cost price of Article 'S' = Rs. 100y. Since a 15% profit equals Rs. 450: 15y = 450 y =450/15=30 Therefore, the cost price (CP) of Article 'S' = Rs. 3000 (100 × 30). The market price is 30% above its CP: MP 3000 × 1.3= 3900 The price after the first discount: Price after 1st discount = 3900 × 0.9 =3510 To ensure no profit or loss, the final selling price must equal the CP of Rs. 3000. Thus, the value of w (further discount): =3510-3000 = Rs.510.
If the price elasticity of demand for apples is 3, then what will be the impact on total revenue if price increases?
A country is said to be in debt trap if
Suppose the following bilateral spot exchange rates are being quoted for the Danish krone (DKK), the US dollar (US$) and the euro (€):
US$/&...
For which preferences the income offer curve and the price offer curve are equal?
An indirect utility function
If factor cost is greater than Market price, then it means that:
From the following data, find National income.