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If the duty on an article is reduced by 40% of his present rate by how much percent must its consumption increase in order that the revenue remains unaltered ?
Answer & Solution
Correct Answer:
Option
D
% change = $$\frac{{\text{R}}}{{100 \pm {\text{R}}}}$$ × 100%
Required answer :
= $$\frac{40}{100 - 40}$$ × 100
= $$\frac{40}{60}$$ × 100
= $$\frac{200}{3}$$
= $$66\frac{2}{3}$$%
Required answer :
= $$\frac{40}{100 - 40}$$ × 100
= $$\frac{40}{60}$$ × 100
= $$\frac{200}{3}$$
= $$66\frac{2}{3}$$%
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