A machine is marked at 7,500. The shopkeeper allows successive discount of 8%, 5% and 2% on it The net selling price is ?->(Show Answer!)

1. A machine is marked at 7,500. The shopkeeper allows successive discount of 8%, 5% and 2% on it The net selling price is

Write Comment

Comments

By: anil on 05 May 2019 02.25 am

Marked price = Rs. $$7500$$ After 1st discount of 8%, price = $$7500-(frac{8}{100} imes7500)$$ = $$7500-600=6900$$ After 2nd discount of 5% (on changed price), selling price = $$6900-(frac{5}{100} imes6900)$$ = $$6900-345=Rs.$$ $$6555$$ After 3rd discount of 2%, net selling price = $$6555-(frac{2}{100} imes6555)$$ = $$6555-131.10=Rs.$$ $$6423.90$$ => Ans - (B)

Tags

Show Similar Question And Answers

QA->A shopkeeper wants to get 20% gain on an article after allowing a discount of 15%. If the article costs him Rs.153, what price should be mark on the article?....

QA->If the cash book does not contain discount columns, discount allowed and received will be passed through…………….....

QA->As per Co-operative societies rule ‘Net profit’ means net profit as certified by :....

QA->An assembler that runs on one machine, but generating code for another machine is called:....

QA->Name theUnion Government first portal for Online Selling of goods and Services byGovernment Departments?....

MCQ-> Based on the information answer the questions which follow.A consultant to Department of Commerce. Government of Bianca has suggested 30 products which have high export potential. Dora an entrepreneur and prospective exporter notices that these products can be grouped in three ways- Machine made goods, Handmade goods and Intermediate goods. Among these 30 products some products are both machine made and intermediate goods but not handmade goods. Few products have a combination of handmade and machine made goods but not intermediate goods. Some products are handmade and intermediate goods but not machine made goods. Further it is seen that handmade-machine made goods are I less than machine made-intermediate goods. Similarly the total number of handmade-intermediate goods is I less than machine made-intermediate goods. There are just 4 products common across all product groups i.e. machine made-handmade- intermediate goods. Apart from this the number of only handmade goods is same as only machine made goods but less than only intermediate goods. Each product group/combination has at least one product. Dora prefers to export machine made goods and avoid hand made goods. She finds out that only handmade goods are twice the machine made-intermediate goods and the number of only intermediate goods is an even number. Whereas her close friend Sara prefers to export intermediate goods followed by only handmade goods.Sara and Dora prefer to export as many common products as possible in order to understand the regulatory conditions. Keeping their preferences intact, what is the maximum number of common products which can be exported by both of them?
....

MCQ->A machine is marked at 7,500. The shopkeeper allows successive discount of 8%, 5% and 2% on it The net selling price is....

MCQ-> Read the passage given below and answer the following questionsFirms are said to be in perfect competition when the following conditions occur: (1) many firms produce identical products; (2) many buyers are available to buy the product, and many sellers are available to sell the product; (3) sellers and buyers have all relevant information to make rational decisions about the product being bought and sold; and (4) firms can enter and leave the market without any restrictions—in other words, there is free entry and exit into and out of the market.A perfectly competitive firm is known as a price taker, because the pressure of competing firms forces them to accept the prevailing equilibrium price in the market. If a firm in a perfectly competitive market raises the price of its product by so much as a penny, it will lose all of its sales to competitors. When a wheat grower, wants to know what the going price of wheat is, he or she has to go to the computer or listen to the radio to check. The market price is determined solely by supply and demand in the entire market and not the individual farmer. Also, a perfectly competitive firm must be a very small player in the overall market, so that it can increase or decrease output without noticeably affecting the overall quantity supplied and price in the market.A perfectly competitive market is a hypothetical extreme; however, producers in a number of industries do face many competitor firms selling highly similar goods, in which case they must often act as price takers. Agricultural markets are often used as an example. The same crops grown by different farmers are largely interchangeable. According to the United States Department of Agriculture monthly reports, in 2015, U.S. corn farmers received an average price of $6.00 per bushel and wheat farmers received an average price of $6.00 per bushel. A corn farmer who attempted to sell at $7.00 per bushel, or a wheat grower who attempted to sell for $8.00 per bushel, would not have found any buyers. A perfectly competitive firm will not sell below the equilibrium price either. Why should they when they can sell all they want at the higher price?Source: Principles of Economics, Download for free at http://cnx.org/content/col11613/latest.According to the passage, why is a perfectly competitive firm a price taker?
....

MCQ->A shopkeeper marked the price of an article 12.5% more than its cost price. Mr. Sharma purchased the same article at a discount of 20% on the marked price of the article but also paid VAT of 12% on the discounted price. Mr. Sharma then gave the article to his cousin for Rs. 5200 and thereby earned a profit of 30% on the original cost price of the product. At what price did Mr. Sharma purchase the article from the shopkeeper ?....

MCQ->What is the marked price of the table which was sold at a discounted price? (I) The marked price of the table is 40% above the cost price of the table. Two consecutive discounts were given while selling the table. (II) The table was sold for Rs. 239.40. The percentage of discount given for second time while selling the table is double the percentage of discount given for the first time while selling the table,....