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ATQ, Let the cost price of the article be Rs. 'C'. Profit earned = Rs. (8,600 - C) Loss incurred = Rs. (C - 5,700) ATQ; 8,600 - C = (7/12) X (C - 5,700) Or, 12 X (8,600 - C) = 7 X (C - 5,700) Or, 103,200 - 12C = 7C - 39,900 Or, 19C = 143,100 So, 'C' = 7,531.58 Required selling price = (140/100) X 7,531.58 = Rs. 10,544.21
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
I = 200 − 10...
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Calculate Operating Surplus:
Items
Rs in crore
Compensation of employees
2000
Rent and interest
800<...
The minimum rate at which the central bank re-discounts bills held by commercial banks is called:
A card is drawn randomly from a deck of ordinary playing cards. You win Rs.900 if the card is a spade or a king. What is the probability that you will w...
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Within a country, the domestic price of a product will equal the world price if
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