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A person lost 10 percent when he sold goods at Rs153 For how much should he sell them to gain 20 percent?
To solve this problem, we first need to find the cost price of the goods. If the person sold the goods for Rs153 and lost 10%, the selling price represents 90% of the cost price. Therefore, the cost price is Rs153 / 0.90 = Rs170. To calculate the selling price needed to gain 20%, we can use the formula: Selling Price = Cost Price + Profit. So, the selling price should be Rs170 + (20% of Rs170) = Rs170 + Rs34 = Rs204.
What else can I help you with?
What do you pay for goods marked 13.50 with a discount of 20 percent?
You pay $10.80
H0w much percent above the cp should a shopkeeper mark his goods so that after allowing a discount of 20 percent on the market price he gains 20 percent?
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.
How much per cent above the cost price should a shopkeeper mark his goods so as to earn a profit of 26 percent after allowing a discount of 10 percent on the marked price?
40 % markup. 1.40 - 10% (.14) =1.26 where 1.00 is 100% 26% profit
What nation exported 60 percent of the world's cotton goods?
England XD Odyssey Ware!
Why percent are used when stores discount something?
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.
What is the cost of goods sold percent?
100 percent
What percent of the nation's industrial goods were manufactured in the south?
only 10 percent of the nation's goods were manufactured in the south
20 percent of the world's population consumes what percent of the world's goods?
20 percent of the world's population consumes approximately 80 percent of the world's goods, indicating a high level of consumption inequality.
What determines if a person buys normal or inferior goods?
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.
The percent-of-sales method can be used to forecast?
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 three questions define the economy of a society?
what goods and services should be produced? How should goods and services be produced? who should get and use the goods and services?
Why is what to produce a problem in every economy?
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.
Why is to produce a problem in every economy?
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 are Five problems all economic systems face?
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 are the five problems all economic system face?
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 do you call a person who deals in stolen goods?
A person who deals in stolen goods is called a fence.
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
