a tax on commodity is dimnished by 25% its consumption increases by 15% the decrease % in the revenue is
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Answer:
6.5
Step-by-step explanation:
No of consumption=100 And Tax=100
Total revenue =100*100=10000
Now
Tax decreased by 15%=100–15=85
Consumption increased by 10%=100+10=110
New revenue=110*85=9350
Old revenue=10000
Therefore there is a loss in the revenue.
But how much %=?
10000———came down to——-9350
Total loss=10000–9350=650
Total loss in percentage=650/100=6.5%.
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