Podcast
Questions and Answers
What was the markup on each bottle of water?
What was the markup on each bottle of water?
₹500
How much does the business owner owe in total for failing to deliver the promised water bottles?
How much does the business owner owe in total for failing to deliver the promised water bottles?
₹1650
What was the market price of water on the day of delivery?
What was the market price of water on the day of delivery?
₹525
By how much had the market price of water increased since the business owner made his promise?
By how much had the market price of water increased since the business owner made his promise?
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Study Notes
- A business was making profits by selling water for ₹5 per bottle, with a markup of ₹500 per bottle.
- The business owner made a promise to deliver on a certain day and failed to keep it.
- The market price of water was fluctuating and was at ₹525 per bottle on the day of delivery.
- The market price had increased by an unknown amount since the business owner made his promise.
- The business owner now owes ₹525 x 4 bottles (1650 ₹) to the person he made the promise to.
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Description
Test your knowledge of business profits, markups, and delivery promises with this quiz. Calculate the amount owed after a failed promise due to fluctuating market prices.
