Practicing Success
The price of a commodity is increased by 36% and the quantity purchased is decreased by 30%. What is the percentage increase/decrease in the amount spent on the commodity? |
6% increase 4.8% increase 6% decrease 4.8% decrease |
4.8% decrease |
Earlier Later Price 25 : 34 [36% = \(\frac{9}{25}\)] Quantity 10 : 7 [ 30% = \(\frac{3}{10}\)] --------------------- Expenditure 250 : 238 [Exp.= Price x Quantity] Difference = 12R Effect on Exp. = \(\frac{12}{250}\) × 100 = 4.8% decrease |