When the price of sugarcane was decreased by 5 the number sold increased by 10 What was the effect o...........

Quantitative Aptitude (CDS) Percentage

When the price of sugarcane was decreased by 5%, the number sold increased by 10%. What was the effect on the total revenue?

5.4% decrease

6% decrease

4.5% increase

5% increase

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Explanation:

Let the price of the sugarcane be Rs. 100
and let the original sale be 100.
Then, total revenue = Rs. (100x100) = Rs. 10000
New revenue = Rs. (95x110) = Rs. 10450
Increase in profit = 10450-10000 = Rs. 450
Increase in revenue = (450/10000) 100 % = 4.5%