The tax imposed on an article is decreased by 10% and its consumption is increased by 10%. Find the percentage change in revenue from it.
A. 10% increase
B. 2% decrease
C. 1% decrease
D. 11% increase
Answer: Option C
Solution(By Examveda Team)
Net % effect on revenue= - 10 + 10 - $$\frac{10 × 10}{100}$$
= - 1
Hence % reduction in revenue = 1%
This Question Belongs to Arithmetic Ability >> Percentage
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