Question
A person named 'P' purchased a
table for Rs. _____ and a bed for Rs. 1500. He marked the price of the table 20% higher than its cost price and the bed 25% higher than its cost price, offering a discount of Rs. 125 on the bed. The table was sold for Rs. _____ , and the profit earned on the table was equal to the profit earned on the bed. Which of the following options correctly fills the blanks in the question? I. 1000, 1200 II. 1600, 1850 III. 1300, 1560 IV. 1400, 1650Solution
ATQ, CP of Table = 'a' Rs., CP of Bed = 1500 Rs. MP of Table = 1.2a Rs., MP of Bed = 1.25 × 1500 = 1875 Rs. SP of Bed = 1875 – 125 = 1750 Rs. Profit = 1750 – 1500 = 250 Rs. SP of Table = a + 250 Rs. a = 1000, SP of Table = 1000 + 250 = 1250 Rs. [In option SP = 1200] a = 1600, SP of Table = 1600 + 250 = 1850 Rs. [in option SP = 1850] a = 1300, SP of Table = 1300 + 250 = 1550 Rs. [in option SP = 1560] a = 1400, SP of Table = 1400 + 250 = 1650 Rs. [in option SP = 1650] Hence, Only II & IV [since only in these 2 options profit is Rs.250]
Find regression coefficient of y on x (byx) if correlation coefficient between x and y values is 0.75 and standard deviation of x and y are 5 and 6.4 re...
Economists generally believe that making assumptions is
Suppose nominal GDP equals 1,000 units and money supply equals 250 units. Based on the quantity theory of money, the velocity of money equals.
Consequences of high multicollinearity:
In two commodity worlds if one good is inferior then the other must be
With reference to the governance of public sector banking in India, consider the following statements:
- Capital infusion ...
Which of the following statements is correct regarding Mutual Fund?
A person who is made redundant because of the contraction of an industry is a victim of?
The Fisher Effect postulates a relationship between the nominal interest rate (i), the real interest rate (r), and the expected inflation rate (πe). If...
Relevant for Exams:
