When the price of an item was reduced by 20%, then its sale increased by x%. If there is an increase of 60% in the receipt of the revenue, then the value of x is:
Show answer & explanation
Correct answer: D
Explanation
Correct Answer is option 4 i.e. 100
|
Concept |
Understanding |
Application |
|
Revenue = price × sale
|
Price of an item was first reduced by 20%, then its sale increased by x%. There is an increase of 60% in the receipt of the revenue. |
160/100 = 80/100 × (100 + x)/100 ⇒ 1.6 = 0.8 × (1 + 0.01x) ⇒ 2 = 1 + 0.01x ⇒ 0.01x = 1 ⇒ x = 100% So, Increase in sale is 100% |