The Shopkeeper increased the price of a product by 25% so that customer finds it difficult to ...
The Shopkeeper increased the price of a product by 25% so that customer finds it difficult to purchase the required amount. But somehow the customer managed to purchase only 60% of the required amount. What is the net difference in the expenditure on that product?
Answer/Solution
25%
Steps/Work
Quantity X Rate = Price
1 x 1 = 1
0.6 x 1.25 = 0.75
Decrease in price = (0.25/1) × 100 = 25%
A)
1 x 1 = 1
0.6 x 1.25 = 0.75
Decrease in price = (0.25/1) × 100 = 25%
A)