Start learning 50% faster. Sign in now
ATQ, CP of the article = Rs.700 MRP of the article = (100 + p) % of 700 = (700 + 7p) SP of the article = (700 + 7p) – 245 = (455 + 7p) Quantity I: Case 1: When there is profit on the article(CP < SP). (455 + 7p) – 700 = 35 7p = 280 p = 40 Case 2: When there is loss on the item (CP > SP). 700 – (455 + 7p) = 35 7p = 210 p = 30 Possible values of ‘p’ = 30 and 40 Quantity II: New SP of the article (when initially there is loss) = (455 + 7p) = Rs.665 Minimum SP of the article, when it is sold for Rs.'q' more = 665 + 210 = Rs.875 Minimum profit% = (875-700)/700 × 100 = 25% Which means profit% will be more than 25%. Hence, relationship between Quantity I and Quantity II cannot be determined.
In July 2024, which entity approved a combined loan and grant totaling USD 215.6 million for the Small Industries Development Bank of India's (SIDBI) pr...
Which Indian organization recently secured a 1,600 MW thermal power project from Damodar Valley Corporation (DVC)?
What goal does the Adani Green Energy Ltd aim to achieve by 2030 in terms of renewable energy capacity?
Which ministry released a commemorative stamp in honor of Indian playback singer Mukesh Chand Mathur on his 100th birth anniversary in July 2024?
With what percentage of votes did Paul Kagame win his fourth term as Rwandan President?
Which initiative by SEBI aims to enhance the resilience of the mutual fund ecosystem in India?
How much loan has the Asian Development Bank (ADB) approved for the Brahmaputra River project in Assam, India?
Which country recently approved the schedule for creating its orbital station by 2033?
Which country recently launched the Tianhui 5-02 satellite group for geographic mapping, land resource surveys, scientific experiments, and other purposes?
Where is the 10th edition of the India-Sri Lanka Joint Military Exercise MITRA SHAKTI 2024 being conducted?