Multiple Choice Questions on In order to maximize his gain a shopping mall owner decides to reduce the price of electronics goods........... for Combined Bank PO and Clerical Exams Preparation

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Multiple Choice Questions

In order to maximize his gain a shopping mall owner decides to reduce the price of electronics goods...........

Quantitative Aptitude(Banking) Percentage
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    In order to maximize his gain, a shopping mall owner decides to reduce the price of electronics goods by 20% and as a result of this, the sales of electronics increase by 40%. If, as a result of these changes, he is able to increase his weekly collection by Rs. 1,05,000, find by what value did the gross collection increase per day?

    14400

    Incorrect Answer

    14600

    Incorrect Answer

    14800

    Incorrect Answer

    15000

    Correct Answer
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    Explanation:

    It won't requires that much solving.

    Here given the increase in weekly collection by Rs. 1,05,000

    That is this increase denotes for all 7 days.

    = Gross Collection increase per day = Rs. 1,05,000 /7 = Rs. 15,000

    Hence, the gross collection increase per day = Rs. 15,000.

    Hence, option 4 is the correct answer.

    By: Amit Kumar
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