The price of an article is reduced by 30% but the daily sale of the article increased by 35%. The net percentage effect on the daily sale receipts is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 5% decrease.
The price of an article is reduced by 30% but the daily sale of the article increased by 35%.
So, The net percentage effect on the daily sale receipts is:
= (-30) + 35 + (-30 × 35)/100
= 5 - 10.5
= - 5.5% = 5% decrease