A shopkeeper reduces the price of a pen by 25% as a result of which the sales quantity increased by 20%. If the revenue made by the shopkeeper decreases by x% then x is
Question and options
A shopkeeper reduces the price of a pen by 25% as a result of which the sales quantity increased by 20%. If the revenue made by the shopkeeper decreases by x% then x is
- 20
- 45
- 25
- 10
Answer and explanation
Correct answer: D - 10
Revenue decreases by . Multiplying the price factor by the quantity factor gives of the initial revenue. The value accounts for the price reduction alone and leaves out the increase in units sold.
Practice for these exams
-
IPMAT Indore
Related question papers
Related exam syllabi
More solved explanations in Arithmetic
- A man starts walking from point A to point B at 4 km/hr. After 30 minutes, a woman starts from point A at 6 km/hr. If the woman reaches point B 20 minutes earlier…
- Nine persons went to a hotel for taking their meals. Eight of them spent ₹ 12 each on their meals and the ninth spent ₹ 8 more than the average expenditure of all…
- A and B together can finish a work in 30 days. They worked for it for 20 days and then B left the work. The remaining work was done by A alone in 20 days more. In…
- Mohan's average score after 4 tests is 89, what score in the 5th test would bring his average to exactly 90?
- Water in a canal, 6 m wide and 1.5 m deep, is flowing with a speed of 10 km/h. If 8 cm of standing water is needed, then how much area will it irrigate in 30…