When the price of a toy was increased by 20%, the number of toys sold was decreased by 15%. What was the effect on the sales of the shop ?
When the price of a toy was increased by 20%, the number of toys sold was decreased by 15%. What was the effect on the sales of the shop ?
A). 5% increase
B). 4% increase
C). 3% increase
D). 2% increase
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# 2% increase
Let original of each toy be Rs. 100 and number originally sold be 100.
∴ originally sale proceeds = Rs. (100 x 100) = Rs. 10000
New sale proceeds = Rs. (120 x 85) = Rs. 10200
∴ Increase% = (200 x 100 / 10000)% = 2%
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