when the price of a product was decreased by 10%the no. of products sold increased by 30%.find the percentage increase in the revenue
Answers
Answered by
8
Hyy XD
Answer:
The increase on total revenue will be Rs. 17.
Solution:
Let the Cost price of the product CP be = Rs 100.
When CP was decreased by 10%,
Decrease in Rs.
Thus, Decreased CP = Rs 100 – Rs 10 = Rs 90
Accordingly,
Increase in Sales = 30%.
Thus, Increase in Sales in Rs
Hence, Selling Price SP
= CP + Increase in sales
= Rs 90 + Rs 27
= Rs 117
Thus, the increase on total revenue
= Profit = SP – Initial CP
= Rs 117 – Rs 100
= Rs 17
Therefore, the increase on total revenue will be Rs. 17.
May this helps you
Plz marked in brainlest answer
Answered by
1
Answer:
Your answer is here.
Please follow me.
Please mark me as a brainliest answer.
Attachments:
Similar questions