Profit and Loss Practice Test 5

© examsiri.com

Question : 22 of 40

Marks: +1, -0

If the price of an article is increased by 15% and the total number of articles sold is decreased by 10%, then the effect on gross receipt of the shop is:

5% decrease
1.5% increase
2.5% decrease
3.5% increase

Solution:

\table \Price ,\Quantity ,\Expenditure;x, y ,xy;115/100x,9/{10y},1035/1000xy

Net change

={1035/1000xy-xy}/{xy}×100=35/10

=3.5%

increase

© examsiri.com

Go to Question:

Prev Question

Next Question