Question
The combined cost price of two
items, P and Q, is Rs. 10,000. The cost price of Q is equal to the selling price of P. Item P is marked up by 30% and item Q is marked up by 40% above their respective cost prices. The discount offered on both items is the same, and item Q is sold for Rs. 7350. Determine the discount offered on both items.Solution
ATQ, Let the cost price of item ‘P’ be Rs. ‘x’. Therefore, cost price of item ‘Q’ and selling price of item ‘P’ = Rs. (10000 – x) Marked price of item ‘P’ = Rs. 1.3x Discount offered on item ‘P’ = 1.3x – (10000 – x) = Rs. (2.3x – 10000) Marked price of item ‘Q’ = Rs. 1.4(10000 – x) Selling price of item ‘Q’ = 1.4(10000 – x) – (2.3x – 10000) = Rs. (24000 – 3.7x) According to the question, 24000 – 3.7x = 7350 Or, 3.7x = 16650 Or, x = 16650/3.7 = Rs. 4500 Therefore, discount offered on each item = (2.3x – 10000) = Rs. 350
With reference to analysis of variance. which of the following statements is/are correct?
(I) Change of origin will affect the value of F
...The 95% confidence interval of average age of accidents in any city during last year for a sample of size 100 with mean age 34.25 from population of st...
For a distribution, the mean is 10, variance is 16, Y1 is +1 and β2 is 4. The distribution is:
Which of the following is NOT an approach for assigning the probability of the event?
The Pearson's correlation coefficient between following observation
X:           1             2          �...
Which option is WRONG?
If the first, fifth and ninth decile of frequency distribution xi ∣ fi are 3,10,16, respectively, then Kelly's coefficient of skewness is:
Which of the following is an example of using a sample to make inference about a population?
Relevant for Exams:
