Question
A seller sold an item at a loss of 22%. If he had sold
it for Rs. 2,200 more, then he would have earned a profit of 18%. Find the cost price of the item.Solution
ATQ, Let, the cost price of the item be Rs. '100x'. ATQ, Selling price of the item sold at 18% profit = 1.18 X 100x = Rs. (0.78 X 100x + 2200) Or, 118x = 78x + 2200 Or, 118x - 78x = 2200 Or, 40x = 2200 So, x = (2200/40) = 55 Therefore, the cost price of the item = 100x = 100 X 55 = Rs. 5,500
Which of the following is NOT a step in the decision-making process for managers?
Chandra is planning a team-building weekend trip and wants the trip to take place at Goa. However, he is unable to find a venue that can accommodate the...
Programmed decisions address the _________ problems.
A phenomenon in which decision is taken by a group that conforms to majority opinion to maintain group harmony, is known as ____________
Which of the following theory presents how people take decision when presented with alternatives that involve risk, probability, and uncertainty?
The Delphi technique of decision making was developed by _________
When a manager takes inputs from his team members before taking a decision, he is referred to as ______
Which of the following theory says that investors value gains and losses differently, placing more weight on perceived gains versus perceived losses?
Which of the following is not a feature of strategic decisions?
_____________Â refer to decisions that employees make each day to make the organization run.
