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ICSE Class 8 Answered

On decreasing the price of TV b 30%,the sales increase by 20%.Does this affect the amount of money that a shopkeeper gets
Asked by nathsantanukumar | 09 May, 2018, 11:04: AM
answered-by-expert Expert Answer

Let cost of each TV = Rs.100 and sale = 100 TV.
Money receipt = Rs.(100×100) = Rs.10000 
New cost per TV = Rs.70 and New sale = 120 TV
New Money Receipt = Rs.(70×120) = Rs.8400
Decrease in money receipt = (1600/10000)×100 = 16%.....

 

Answered by Sneha shidid | 09 May, 2018, 12:52: PM

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