Practicing Success
When the price of an article was increased by 5% its sale reduced by 10%. What was net effect on the revenue? |
5% increase 5.5% decrease 5.5% increase 5% decrease |
5.5% decrease |
Revenue = Price x Sale When price increase by 5% and sale reduces by 10% Change in revenue = $\frac{105}{100}$ x $\frac{90}{100}$ original revenue = $\frac{945}{1000}$ = 5.5% decrease |