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When the price of apple was reduced by 25% its sale increased by 80%. What was the net effect on the sale?1). 44% increase2). 44% decrease3). 66% increase4). 35% increase |
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Answer» ⇒ Let original price be = p and Sale be s, then Sale receipts = p × s ⇒ Price reduced by 25%, then NEW Price = x - 25% of p ⇒ new Price = 0.75p ⇒ sale INCREASED by 80%, new sale = s + 80% 0f s ⇒ new sale = 1.80s ⇒ New sale receipt = 0.75p × 1.80s = 1.35ps ⇒ So % net effect on sale receipts = (1.35ps - PS) × 100/ps ∴ Net effect = 35% increase |
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