Mr. Mohammed is interested to buy the new Samsung mobile phone. Extra Electronics sells Samsung mobile phones which is marked up at 40% on the cost price and also offers a discount of 30% on the selling price. If Mohammed buys that Samsung mobile phone, Find the profit or loss (in percentage) made by Extra Electronics. What will happen if the seller doesn’t mark up the price? Discuss in brief
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Mr. Mohammed is interested to buy the new Samsung mobile phone. Extra Electronics sells Samsung mobile phones which is marked up at 40% on the cost price and also offers a discount of 30% on the selling price.
- If Mohammed buys that Samsung mobile phone, Find the profit or loss (in percentage) made by Extra Electronics.
- What will happen if the seller doesn’t mark up the price? Discuss in brief
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