First price sealed bid Auction #shorts #bidauction #auction #bidding

The price of an article is first increased by 20% and later on the price was decreased by 25% due to reductionin sales. Find the net percentage change in final price of article.

Statement : Government has decided to auction construction of highways to private entities in several blocks across the country on build-operate-transfer basis. Which of the following assumption(s) is/are implicit in the above statement ? (A) An adequate number of private entities may not respond to the Government's auctions notitication. (B) Many private entities in the country are capable of constructing highways within reasonable time. (C) The Government's proposal of build-operate-transfer may financially benefit the private entities.