In August 2017, the Government of India decided to launch a new scheme named “AGEY”. This new scheme is a part of the Deen Dayal Antyodaya Yojna– National Rural Livelihood Mission (DAY-NRLM). What does ‘E’ stand for in ‘AGEY’?
The demand curve facing a perfectly competitive firm is a horizontal straight line equal to the equilibrium price of the entire market because a perfectly competitive firm can sell all units brought to market at the same price.
For an article the profit is 170% of the cost price. If the cost price increases by 20% but the selling price remains same, then what is the new profit percentage?