Question
Download Solution PDFThe price of an article is reduced by 10% but the daily sale of the article is increased by 20%. The net effect on the daily sale receipts is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven Data:
Decrease in price = 10%
Increase in sales = 20%
Concept:
Net effect = a% + b% + (a% × b%),
where a and b are increased percent.
Calculation:
Using the above formula,
Net effect = -10% + 20% + (-10% × 20%)
⇒ Net effect = 8%
Therefore, the net effect on the daily sale receipts is an increase of 8%.
Last updated on Jul 8, 2025
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