Question

It is observed that the sales of a book decreases by 3%whenever its price is hiked by 6%. What is the effect on the sales of the book?

Answer 1

Answer:

Step-by-step explanation:

Let's say the initial price is 100. 100 will make it easy because we are dealing with percents.

1) 100-3= 97 -- It decreased 3 percent.

2) 6% of 97?

well they said 6 percent increase so 1.06*97 = 102.82

so this shows that there was about 2.8 percent of Profit in sales of the books.