Postal or Sorting Assistants Model Paper 6 With Solutions

Question : 23 of 100

Marks: +1, -0

When the price of a product was increased by 15%, the number of items sold was decreased by 20%. What was the net effect?

Solution:

x + y+{xy}/100

=15-20 + {(15X-20)}/100=-5-3=-8

Negative sign indicates that there is a loss of 8%.

Go to Question:

Prev Question

Next Question