Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The price of an article is reduced by 30% but the daily sale of the article increased by 35%. The net percentage effect on the daily sale receipts is:

Options:

$6\frac{1}{2}$ % increase

$5\frac{1}{2}$ % increase

$5\frac{1}{2}$ % decrease

$6\frac{1}{2}$ % decrease

Correct Answer:

$6\frac{1}{2}$ % decrease

Explanation:

30% = \(\frac{3}{10}\)

35% = \(\frac{27}{20}\)

Price =   10               7

Sale =   20               27

    ———————————————

          200              187

Daily receipt educed by 13 = \(\frac{13 × 100}{200}\) = 6\(\frac{1}{2}\)%