Last Updated On [03-11-2023]
Because of scarcity of rainfall the price of a land decreased by 12%, its production also decreases by 4%. What is the total effect on revenue?
a)
16% decrease
b)
15% decrease
c)
15.52% decrease
d)
15.52% increase
Because of scarcity of rainfall the price of a land decreased by 12%, its production also decreases by 4%. What is the total effect on revenue?
a)
16% decrease
b)
15% decrease
c)
15.52% decrease
d)
15.52% increase
Question ID - 56190 :-
Because of scarcity of rainfall the price of a land decreased by 12%, its production also decreases by 4%. What is the total effect on revenue?
a)
16% decrease
b)
15% decrease
c)
15.52% decrease
d)
15.52% increase
|
Because of scarcity of rainfall the price of a land decreased by 12%, its production also decreases by 4%. What is the total effect on revenue? |
|||||||
|
a) |
16% decrease |
b) |
15% decrease |
c) |
15.52% decrease |
d) |
15.52% increase |
New revenue=price of permit × production of units
∴ New revenue=((100
)%×(
)%) of the original
=
of original
=
of original
Thus revenue decreased by (900-84.48)%=15.52%
Alternative Method (Using corollary (2) of T-1) :
Here 
% decrease= 
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