Question

To Delhi’s Golden, some people use to go for a walk in the morning. After the walk, they would often sit together and discuss the subjects like Politics, Demonetization, Elections, market prices of different goods, etc. There were about 50 persons in this group. One day instead of other subjects, there focus of discussions was ‘Market Prices of different goods’. During the discussion, the emphasis laid on the point was that goods became very costly by the time they reach the consumers after getting transported from the Producers. Consecutively, everyone’s budget is going wrong. To get rid of this problem, some people suggested that they should join together to form a Society. The Society would sell the goods to all the members as per their requirements after buying them in a large quantity directly from the Producers. Doing so, would enable them to get rid of the profit being earned by the middle men. This suggestion was appreciated by one and all. All of them were asked to become themselves the members of the Society and encourage others to become the members of the Society. In no time 190 members assembled and the society was formed. The idea of forming a Society immediately proved to be successful. All the members heaved a sigh of relief. Now their budget became balanced. A special characteristic of this society was that apart from its members, it also sold goods to the other people of Society at cheaper rates. All of them were very happy with the formation of Society.​

Answer 1

Answer:

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