A merchant sets the price of an article 60% above its cost price and offers a discount of 25% while selling it. If his profit on the sale is Rs. 120, determine the cost price of the article.
ATQ,
Let the cost price of the article be Rs. ‘20x’. So, the marked price of the article = 1.6 × 20x = Rs. ‘32x’. Selling price of the article = 0.75 × 32x = Rs. ‘24x’. ATQ, 24x – 20x = 120 Or, 4x = 120 Or, x = 30 So, the cost price of the article = 20x = 20 × 30 = Rs. 600.
Which of the following ministry recently launched the Citizen Perception Survey-2022?
Which program did SBI Life Insurance launch to engage B-School students to innovate in the life insurance sector?
Following are the types of foreign direct investment EXCEPT
What did the Securities and Exchange Board of India (Sebi) approve regarding settlement and market regulations?
Which Indian firm has partnered with India Post Payments Bank to drive financial inclusion in remote cities?
RBI is working on promoting new umbrella entity like NPCI, identify the chairman of working group committee which has been constituted by RBI for the pu...
Which bank launched UPI 123Pay and (Name of the bank) HRMS Mobile App for enhancing digital payment interface and employee service management?
A notable feature of India’s pandemic response was the ______ provided by the Reserve Bank to All India Financial Institutions (AIFIs) in the face of ...
Which entity is responsible for deducting the premium from the policyholder's bank account under the PMJJBY?
When did the Reserve Bank of India announce the withdrawal of ₹2000 denomination banknotes?
