Question
A person sells two items, X and Y. The marked prices of
X and Y are 25% and 40% higher than their cost prices, respectively. After a 10% discount on both items, X sells for Rs. 225 and Y sells for Rs. 378. What is the combined cost price of X and Y?Solution
Let the cost price of article X = 100a Cost price of article Y = 100b MRP of article X = 125a MRP of article Y = 140b According to question- 90% of 125a = 225 a = 225/125 × 100/90 a = 2 100a = 200 90% of 140b = 378 b = 378/140 × 100/90 b = 3 100b = 300 cost price of both the articles = 100a+100b = 200+300 = 500
If customers perceive no difference between competing banks, price elasticity becomes:
Sampling refers to:
Selling a debit card along with a savings account is an example of:
When McCain decides to branch out from the frozen foods category into the ready- to-serve beverage market, their growth strategy is:
Sometimes consumers skip one or more of the purchase-decision process stages because of their level of ___________.
Characteristics of tangible goods, such as colour, size, and style are considered _____ properties.
Information provided by one firm on household demographics and lifestyle, purchases, TV viewing behaviour, and responses to promotions is called:
Which service quality dimension relates to employees’ knowledge and courtesy?
An approach whereby an organization allocates its marketing mix resources to reach its target markets is known as:
Advertising is important for products such as Goldie candy bars and Sting energy drink that are purchased frequently and at relatively low cost. Wide di...