When the price of cloth is decreased by 35%, the quantity of cloth sold increased by 45%. What was the effect on gross receipt of the shop? |
8.25% 9.25% 12.25% 14% |
8.25% |
Original : New Price: 20 : 13 [35% = \(\frac{7}{20}\)] Qty : 20 : 29 [45% = \(\frac{9}{20}\)] —————————— Receipt: 400 : 367 400 : 367 ⇒ 33 (decrease) Decreased percentage = \(\frac{33}{400}\) × 100% = 8.25% |