There are two Statements, Assertion and Reason (R).
Assertion : Larger the lead time, larger is the quantity of material required to be stored and larger shall be the amount of working capital required.
Reason (R): If the raw material does not have a record of uninterrupted availability, higher stock levels may be required. Choose the correct alternative from the alternatives given below:
Arrange the following sentences logically:
A. He switched off the lights.
B. He brushed his teeth.
C. He lay down on the bed.
D. He read a few pages of his book.
A shopkeeper buys an item for Rs 2000 and marks it up by 50% to set the marked price. He then offers a 20% discount on the marked price. What is the profit earned by the shopkeeper?