The selling price of a certain commodity was reduced by 25%. As a result of it, the sale was increased by 30%. What was the effect of it on cash collected by daily sale?
5% increase
Incorrect Answer5% decrease
Incorrect Answer2.5% increase
Incorrect Answer2.5% decrease
Correct AnswerExplanation:
The selling price of a certain commodity was reduced by 25%. As a result of it, the sale was increased by 30%.
The effect of it on cash collected by daily sale= -25+30-25x30/100=5-7.5=-2.5
minus indicates decrease . so 2.5% decrease
Hence option 4 is correct
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By: Amit Kumar