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ATQ, Let the selling price of the article be Rs. ‘100x’ So, cost price of the article = 100x × 0.7 = Rs. ‘70x’ So marked price of the article = 70x × (26/15) = Rs. (364x/3) So, required percentage = [{(364x/3) – 100x}/(364x/3)] × 100 ~ 17.58%
“Higher the price of certain luxurious articles, higher will be the demand” This concept is called
Which of the following asset belongs to the flow concept?
Income effect states that as price of a good falls, demand rises since there is rise in
Due to which of the following reasons increase in absolute and per capita real GNP do not connote a higher level of economic development?
The term ‘Gross’ is being used for Gross Domestic Product (GDP) because its computation does NOT exclude which of the following factors?
Which of the following occupations are included under secondary sector as per the national income accounts?
1. Manufacturing
2. Constructi...
When a price ceiling is imposed in a market,
Which of the following situations will result after high growth?
What should be done in an economy to reduce the effects of recession?
Which of the following statement best describe the role of a “deflator”?
