Selling at Rs153 gives a 10% loss so Rs153 is 90% of cost.
So cost is 100*153/90 = Rs170
To make 20% profit he should have sold it for 120/100 * 170 = Rs204
You pay $10.80
80% of Mark Price- CP)*100/CP = 20 0.8*MP-CP=0.2 CP MP = 1.2CP/0.8 MP = 1.5 CP so MP should be marked 50 % above the CP.
40 % markup. 1.40 - 10% (.14) =1.26 where 1.00 is 100% 26% profit
England XD Odyssey Ware!
10% reduction will always be 10% of whatever the goods purchased amount to. Prices of goods offered for sale can vary throughout the year, yet 10% (or the discount offered) will always be 10% of the total sale.
100 percent
only 10 percent of the nation's goods were manufactured in the south
80%
The price, how informed the person is and the quality of the goods are the factors that determines whether a person will buy inferior or normal goods.
A person who deals in stolen goods is commonly referred to as a fence. Fences typically act as intermediaries between thieves and buyers, selling stolen goods for a profit.
The percent of sales can be used to forecast the price of different types of goods. This can help the marketers know which goods are the most marketable.
what goods and services should be produced? How should goods and services be produced? who should get and use the goods and services?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?