The price of a commodity increases by 24% and the sale decreasess by 19%what will be the approximate effect on profit?
6% increases
43% change
0.4% Increases
6% decreases
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Answer:
6% increase
Step-by-step explanation:
profit directly proportional to sales * price
therefore new profit= 1.24x *0.081y
= 1.0644xy
i.e 6.44 increase is the answer
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