Practicing Success
When the price of cloth is decreased by 25%, the quantity of cloth sold increased by 20%. What was the effect on gross receipt of the shop? |
5% increase 5% decrease 10% increase 10% decrease |
10% decrease |
Original : New Price: 4 : 3 [25% = \(\frac{1}{4}\)] Qty : 5 : 6 [20% = \(\frac{1}{5}\)] Receipt: 20 : 18 10 : 9 ⇒ 1 (decrease) Decreased percentage = \(\frac{1}{10}\) × 100% = 10% |