Question

1) When the price of T.V. sets was increased by 30%, the number of T.V. sets sold decreased by 20%. What was the effect on the sales? (a) 3% increase (b) 4% increase (c) 5% increase (d) 6% increase
Kindly solve this problem. Step by step explanation. ​

Answer 1

Answer:

Now, as given condition when TV prices are increased by 30%, sell was decreased by 20%. Hence now the price of one TV set is 130 and TV sets selling per day are 80. Hence the income from TV sets will become = 130*80 = 10400. ... Hence the effect on sales is increased by 4%.

Step-by-step explanation:

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