When the price of an item was reduced by 20%, its sales increased by x% . If there is an increase of 25% in the receipt of the revenue, then the value of x is: |
53.84% 55.75% 56.25% 61.5% |
56.25% |
20% = \(\frac{1}{5}\) & 25% = \(\frac{1}{4}\) Ratio of , Original : New Price 5 : 4 Sale 100 : 100 + x ---------------------------------------------------------- Revenue 4 : 5 ATQ, \(\frac{5× 100 }{4 × (100+x) }\) = \(\frac{4}{5}\) 2500 = 1600 + 16x 16x = 900 x = 56.25% |