CAT 1996 QA Question

Question 36

The price of a Maruti car rises by 30% while the sales of the car come down by 20%. What is the percentage change in the total revenue?

Solution

let's say price of maruti car is x rs.
Sales = y
revenue = xy
Changed price = 1.3x
changed value of sales = 0.8y
new revenue = 1.04 xy
Percentage change in revenue = 4%

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