On increasing the price of T.V. sets by 30%, their sale decreases by 20%. What is the effect on the revenue receipts of the shop ?
4% increase
4% decrease
8% increase
8% decrease
Explanation:
Let the price be = Rs.100, and number of units sold = 100
Then, sale value = Rs.(100 × 100) = Rs.10000
New sale value = Rs.(130 × 80) = Rs.10400
Increase% = 4001000040010000 × 100 = 4%