The price of sugar is decreased by 10%. As a consequence, monthly sales is…
2023
The price of sugar is decreased by 10%. As a consequence, monthly sales is increased by 30%. Find out the percentage increase in monthly revenue.
- A.
17 %
- B.
19 %
- C.
18 %
- D.
None of these
Attempted by 188 students.
Show answer & explanation
Correct answer: A
Answer:
17 %
Explanation:
Let the price of sugar be Rs 100 and monthly sales be 100 units. Then,
total revenue = 100 × 100 = Rs 10000.
And, new revenue = 90 × 130 = Rs 11700.
Increase in revenue = 11700 – 10000 = Rs 1700.
Hence, percentage increase in revenue = (1700/10000) × 100% = 17%.