34 manufacturer sells goods to an agent at a profit of 20%. The agent's wholesale price to the shop
15 at a profit of 10% and the shopkeeper retails his goods at a profit of 25%. Find the manufacturin
of the article which is sold by the retailer for 495.
4. A manufacturer makes 750 pencils at a cost of 60 paise per pencil. He fixes the S.P. such th
600 pencils are sold, he would make a profit of 40% on his outlay. However, he sells 62
at this price. Find his actual profit percent as a percentage of total outlay assuming that
Ramesh purchased a second-hand car for ? 95,650. He spent 12,000 on its min
VALUES AND LIFE SKILLS
He alsn naid an insurance of 2350. He then sold it to his friend for
articles are useless,
Answers
India was the largest producer of cotton textiles when the British gained power in Bengal around 1750.
Indian textile was famous for its quality and craftsmanship. Chintz, cossaes orkhassa and bandanna were the different types of cotton cloths imported. The wealthy people of England, including the Queen herself, wore clothes made in India.
The Calico Act, enacted in 1720, was advantageous to the English producers as the use of chintz was banned in England.
The development of cotton Industries in Britain affected textile producers in India.
By the beginning of the 19th century, Indian goods were ousted from their traditional markets in Africa, America and Europe. Thousands of spinners and weavers lost their livelihood in India.
New centres of weaving like Sholapur in western India and Madura in South India emerged in India.
The first cotton mill came up in India in 1854 in Bombay.