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09 Jul 2018, 18:45
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Q14 
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11 Jul 2018, 17:03
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This question is not complete as there is no information whether profit remains same, reduces or increases and by what factor. By wording of question, it seems to indicates that cost price of product in 2007 is same as selling price in 2006. Assuming that profit is kept at same level as earlier, new selling price (New SP) will be per below.
New SP = P + Old SP
Question is asking ratio of Old SP by New SP. Therefore, ratio = Old SP/New SP => Old SP/(P+Old SP)
Clearly, the ratio has to be less than 1 (assuming profit is positive).
But with no information given about profit, we can't answer whether it will be .66 or .8.
New SP = P + Old SP
Question is asking ratio of Old SP by New SP. Therefore, ratio = Old SP/New SP => Old SP/(P+Old SP)
Clearly, the ratio has to be less than 1 (assuming profit is positive).
But with no information given about profit, we can't answer whether it will be .66 or .8.
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Data Insights Questions Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
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