Due to pandemic, the sales of cricket balls in a sports shop decreased by 15%. If its price is also reduced by 15% what will be the effect on the total revenue collection?
Answers
Given :- Due to pandemic, the sales of cricket balls in a sports shop decreased by 15%. If its price is also reduced by 15% what will be the effect on the total revenue collection?
Solution :-
we know that,
- Price * sale = Revenue
Let initial price is 10x and initial sale is 10y .
so,
→ 10x * 10y = 100xy (initial revenue)
since both price and sale are decreased by 15% ,
→ 8.5x * 8.5y = 72.25xy (new revenue)
therefore,
→ Revenue decreased by = 100xy - 72.25xy = 27.75xy
hence,
→ Required % = (27.75xy * 100)/100xy = 27.75% (Ans.)
Shortcut :-
- formula = (-A) + (-B) + {(-A) * (-B)/100}
putting A = B = 15%
→ Required % = (-15) + (-15) + {(-15) * (-15)/100}
→ Required % = (-30) + 2.25
→ Required % = 27.75% (Ans.)
Learn more :-
Christina purchased some articles for $2400. She sold two-third of the articles purchased at 10% loss. Find the profit p...
https://brainly.in/question/39275446
A person sells his table at a profit of 12.5% and his chair at a loss of 8.33% but on the whole he changed rs 12 on the ...
https://brainly.in/question/38842080