Home
Class 11
ECONOMICS
Dr. Vivek Aggarwal is running a dental ...

Dr. Vivek Aggarwal is running a dental clinic at his home. He his invested `₹ 2,00,000` as capital and has also borrowed `₹ 1,00,000` from Axis Bank at an interest rate of `9%` p.a. He has also hired an assistant a monthly salary of `₹ 12,000`. The estimated monthly rental of his clinic is `₹ 25,000`. Calculate the annual implicit and explicity cost if imputed annual value of services of Dr. Vivek Aggarwal is `₹ 4,00,000`.

Text Solution

Verified by Experts

(a) Calculation of Annual Explicit Cost

(b) Calculation of Annual Implicit Coast
Promotional Banner

Topper's Solved these Questions

  • COST

    SANDEEP GARG|Exercise True And False|39 Videos

  • COST

    SANDEEP GARG|Exercise Guidelines|12 Videos

  • COST

    SANDEEP GARG|Exercise Unsolved Practicals|42 Videos

  • CONSUMER'S EQUILIBRIUM

    SANDEEP GARG|Exercise Revision Exercise|64 Videos

  • DEMAND

    SANDEEP GARG|Exercise Unsolved particles|4 Videos

Similar Questions

Explore conceptually related problems

Mr. Mittal purchased a car for ₹ 3,00,000 and a bike for his son for₹ 1,00,000. He sold the car at a profit of 10% and bike at a loss of 20% . What is the net gain or loss?

The monthly salary of Dinesh is 250,000 .In next month,his salary will be increased by 10% .Find his new salary.

Mr. Khanna took a loan of ₹ 10,000 on simple interest for two years at the rate of 3 p.c.p.a. The total amount that he will be paying as interest in 2 years in 3% of his monthly salary. What is his monthly salary?

If the bank paid Charan interest at 9% per annum, then find the interest he would have received on closing his account if he is having 27,000Rs as sum.(in Rs.)

Twenty-seven percent of Arun's monthly salary is equal to Raju's monthly salary. If Arun's monthly salary is Rs.25,000, then what is Raju's annual salary?