A shopkeeper purchases 5 packs of chips for Rs. 75. For how much should he sell one pack to get a profit of 25%?
CP of one pack = 75/5 = 15 Rs Selling price (SP) with 25% profit: SP = 15 ×125 100 = 15 × 1.25 =18.75 Rs Thus, the shopkeeper should sell one pack for Rs. 18.75.
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Which of the following is not correct with regard to oligopoly?
