Skill Rack
Daily MCQ Answer & Solution
Date : 03/04/2019
REFID : 12890
On increasing the price of Bikes by 30%, their sale decreases by 20%. What is the effect on the revenue for the dealer?
Answer : 4% increase
Solution :
the prize is 100
so, 100*100=10000
increasing the price of bikes by 30%
so, 100+30=130
decreases by 20%
so, 100-20=80
130*80=10400
the effect on the revenue for the dealer is (10400/10000)= 104%
the answer is 4% increase
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