51. The duty on sugar is increased by 20% and its
A consumption is reduced by 20%, find out the
percentage increase or decrease in revenue from
this.
Answers
Answered by
1
Step-by-step explanation:
let sugar be x
duty on sugar is 20x/100=x/5
now sugar is x+x/5=6x/5
consumption reduced 20% 6x/5
20/100×6x/5= 6x/25
now sugar is 6x/5-6x/25=24x/25
decrease in revenue =x-24x/25=x/25
percentage decrease=(x/25/x)×100
4%decrease
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