Question

When there is an increase of 30% in the price of TV sets and decrease of 20% in the number of sets sold, then what is the percentage effect on total sales?

• A. 4% loss
• B. 8% loss
• C. 4% gain
• D. 8% gain

Answer 1

Answer:

C. 4% gain

[ x-y - (xy/100)% ] = 30 - 20 - (30 x 20) / 100 % =10-6=4% gain