Question

The turnover of a company increased by
10%, when the price of the product sold
increased by 10%. Find the change in the
quantity sold.
(a)11%
-(b) 10%
(C) 20%
(d) 21%

Answer 1

Answer:

no change in quantity sold

Step-by-step explanation:

Let say product quantity sold = Q

price of products sold =S

turnover = QS

turnover increased by 10%

new turnover = QS +(10/100)QS

=1.1QS

price of product sold increased by 10℅

new price of product = S +(10/100)S

= 1.1S

now quantity sold =1.1QS/1.1S

= Q

so no change in quantity sold

Answer 2

Answer:

no change in quantity sold

Step-by-step explanation:

Let say product quantity sold = Q price of products sold =S

turnover = QS

turnover increased by 10%

new turnover = QS +(10/100)QS

=1.1QS

price of product sold increased by 10% new price of product = S +(10/100)S

= 1.1S

now quantity sold =1.1QS/1.1S

= Q

so no change in quantity sold