The cost of production in a factory has a fixed component and an amount that varies directly with the number of units produced. The units are sold at 20% profit. When 250 units are produced, the price is Rs.120, and the price drops to Rs.96 when the production is doubled. What will the price be when 1000 units are produced?
Correct Answer : D
P,Q and R enter into a partnership with capitals in the ratio 3:2:1. After 4 months, P leaves the business and after 4 more months Q also leaves the business and R continues till the end of the year. If R takes 10% of the profit for managing the business, then what part of the profit does R get?
A shopkeeper sells some toys at Rs 250 each. To find out what per cent profit he makes, which of the following information given in statements A and B is/are necessary
A. Number of toys sold
B. Cost price of each toy
A man gains 10% by selling a certain article for a certain price. If he sells it at double the price, the profit made is