Question 75
When the price of a cycle is decreased by 20%,then the selling price is increased by 20%. What is the impact on the receipt of the revenue?
Solution
Let the price of the cycle be Rs.100x
Cost Price of the cycle when decreased by 20% = 80% of Rs.100x = Rs.80x
Selling Price increased by 20% = 120% of Rs.80x = Rs.96x
Therefore, Loss percentage = $$\dfrac{100x-96x}{100x}\times100 = 4$$%
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