Question

20. When the price of a product was increased by 15%, the number sold was decreased by 20%. What
was the net effect?
(a) 8% gain (b) 5% loss (C) 8% loss (d) Cannot be determined (e) None of these
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Answer 1

Answer:

by this formula a+b*a+b/ab

Answer 2

15%-20%=-5%

there will be a loss of 5%

Ans.(b)5% loss