Due to drop of 30% in price of mobile sets of shop there was a increase in sale by 20 Percentage what is there effect on mobile shop
Answers
Question :- Due to drop of 30% in price of mobile sets of shop there was a increase in sale by 20% . what is there effect on mobile shop ?
Solution :-
Let us assume that, price of the each mobile is Rs.100 and the shop sell 100 mobiles .
so,
→ Total money shop gets = 100 * 100 = Rs.10000
now, given that,
→ Price of a mobile is decrease by = 30% .
then,
→ New price of a mobile = (100 * 70)/100 = Rs.70
and,
→ sales was increased by = 20% .
then,
→ New sales = (100 * 120)/100 = 120 mobiles.
therefore,
→ Total money shop gets now = 120 * 70 = Rs.8400 .
hence,
→ Decreased in the sell of shop = 10000 - 8400 = Rs.1600
→ % Decreased = (1600 * 100) / 10000 = 16% (Ans.)
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