When the price of chair was reduced by 40%, the number of chairs sold increased by 80%, what was the effect on the sales rupees?
A. 8% increase
B. 10% increase
C. 8% decrease
D. 10% decrease
Solution(By Examveda Team)
Let Initial Price was Rs. 100.
100 == 40% decrease ==> 60 == 80% increase = 108.
100 becomes 108, so 8% increase.
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A)8% Increase
a+b+axb/100
40-80-40x80/100= 40-32=8% Increase