ATQ, Let the cost price of a bag = Rs. 'A' Then, cost price of 8 bags = A × 8 = Rs. '8A' So, selling price of a bag = (8A/5) = '1.6A' So, percentage of profit earned on selling a bag = {(1.6A - A) ÷ A} * 100 = 60% Alternate Solution 5SP = 8CP Therefore, (SP/CP) = (8/5) Required profit percentage = {(8 - 5)/5} × 100 = 60%
Which of the following statement is correct
Statement 1: Laffer Curve shows relationship between tax rates and the amount of tax revenue collect...
GDP at market price is given by?
Which among the following are the recommendations of the Urjit Patel Committee report on monetary policy?
I. Curtailment of the fiscal deficit.
If the total revenue from sales of X is given by the equation R=100Q-2Q^2. What is the point elasticity of demand when MR=20
Whenrxy>0,thenbyxandbxyareboth:
...Based on the sticky-price model, the short-run aggregate supply curve will be steeper, the greater the_____
Approximately what is the Coefficient of Variation of first 50 natural numbers ?
GNP exceeds NNP by:
The marginal cost of production is MC=0.3x+4, determine the cost involved to increase production from 70 to 100 units.
