Question
A merchant possesses 60 identical items, each marked up
by 180% above the cost price. He sells 30 of these items at a 25% discount and the remaining 30 at a 50% discount. Calculate the total profit the seller earns under these conditions, assuming the cost price for each item is consistent.Solution
Let the cost price of each article be Rs. '10x'. So, marked price of each article = 10x X 2.8 = Rs. '28x' Selling price of 30 articles = 28x X 30 X 0.75 = Rs. '630x' Selling price of remaining 30 articles = 28x X 30 X 0.5 = Rs. '420x' So, total selling price = 630x + 420x = Rs. '1050x' And total cost price = 10x X 60 = Rs. '600x' Total profit = 1050x - 600x = Rs. '450x' So, required percentage = (450x/600x) X 100 = 75%
Temporary injunctions are such as are to continue until a specific time, or until the further order of the court, and they may be granted at___________...
In which of the following Section of the transfer of Property Act provision for transfer for benefit of unborn person is made?
What are the acts against which there is no right of private defence?
As per the provisions of the Consumer Protection Act a complaint, in relation to any goods sold or delivered or agreed to be sold or delivered or any se...
As per the Negotiable Instruments Act the presumption under section 139 is relating to the issue of the cheque for the discharge of any debt is in favo...
How many section and chapters are there in the Prevention of Corruption Act, 1988?
According to the Legal Service Authorities Act which of the following is a function that the Taluk Legal Services Committee may perform?
The PFRDA regulates which of the following_____________
Generally dying declarations are admissible as evidence under-
Consent is said to be free when it is not caused by________________
Relevant for Exams:
