ECONOMICS (CBSE/UGC NET)

ECONOMICS

INCENTIVES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
rebate on a $329.00 fax machine. What is the sale price?
A
$279.65
B
$27.965
C
$289.65
D
$279.60
Explanation: 

Detailed explanation-1: -For example, a customer discounts a bill of Rs. 30, 000 for 3 months at 12% on 1st March 2000, it will be calculated as under: Bank will earn discount 12% for 92 days i.e., = Rs. 30, 000 x 12/100 x 92/365 = Rs.

Detailed explanation-2: -To calculate the percentage discount between two prices, follow these steps: Subtract the post-discount price from the pre-discount price. Divide this new number by the pre-discount price. Multiply the resultant number by 100.

Detailed explanation-3: -Determine the total cost of all units purchased. Divide the total cost by the number of units purchased to get the cost price. Use the selling price formula to calculate the final price: Selling Price = Cost Price + Profit Margin. 27-Apr-2022

Detailed explanation-4: -Divide your original number by 20 (halve it then divide by 10). Multiply this new number by 3. Subtract the number from step 2 off of your original number. You’ve just found your percentage off! 09-Jan-2023

There is 1 question to complete.