Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Percentages

Question:

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?

Options:

5% increase

5% decrease

10% increase

10% decrease

Correct Answer:

10% decrease

Explanation:

             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%