An article was sold for Rs. 2,400 at a discount of 20%. Find the selling price, if the discount was 25%. ?->(Show Answer!)

1. An article was sold for Rs. 2,400 at a discount of 20%. Find the selling price, if the discount was 25%.

Write Comment

Comments

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->An article is sold at Rs.4,If it is sold at a loss of 5%. What was the cost price?....

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

QA->The 1982 painting named Nafea Faa Ipoipo (When will You Marry) has recently been sold for $300 Million, making it the most expensive work of art ever sold. Who is the painter?....

QA->Name of the diamond auctioned by Sotheby"s in Geneva on November 13, 2013 which is sold for a World record price of USD 83,187,381?....

MCQ-> Two traders, Chetan and Michael, were involved in the buying and selling Of MCS shares over five trading days. At the beginning of the first day, the MCS share was priced at Rs 100, while at the end of the fifth day it was priced at Rs 110. At the end of each day, the MCS share price either went up by Rs 10, or else, it came down by Rs 10. Both Chetan and Michael took buying and selling decisions at the end of each trading day. The beginning price of MCS share on a given day was the same as the ending price of the previous day. Chetan and Michael started with the same number of shares and amount of cash, and had enough of both. Below are some additional facts about how Chetan and Michael traded over the five trading days.• Each day if the price went up, Chetan sold 10 shares of MCS at the closing price. On the other hand, each day if the price went down, he bought 10 shares at the closing price.• If on any day, the closing price was above Rs 110, then Michael sold 10 shares of MCS, while if it was below Rs 90, he bought 10 shares, all at the closing price.If Chetan sold 10 shares of MCS on three consecutive days, while Michael sold 10 shares only once during the five days, what was the price of MCS at the end of day 3?
....

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->Cost price of article A is 100/more than cost price of article B. Article A was sold at 40% profit and article B was sold at 40% loss. If the overall profit earned after selling both the articles is 5%, what is the cost price of article B ?....

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,....