Question

6. An entrance price to see an exhibition was reduced by 25%, but the daily attendance increased
by 30%. What was the effect of this on daily receipts ?
(Ans. 2.5% decrease


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Answer 1

Answer:

If original price=p and Sale=s, then Sale receipt =p*s

With price reduced by 25% ,sale increased by 30%, sale receipt=(75/100)p*(130/100)s=0.975ps

So %net effect on sale receipt=(ps-0.975p)*100/ps=2.5% loss

Step-by-step explanation:

answer is 2.5%

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