The income of a broker remains unchanged though the rate of commission is increased from 4% to 5%. The percentage of slump in business is
(a)
1%
(b)
8%
(c)
20%
(d)
80%
The income of a broker remains unchanged though the rate of commission is increased from 4% to 5%. The percentage of slump in business is
(a)
1%
(b)
8%
(c)
20%
(d)
80%
Question ID - 57323 | SaraNextGen Top Answer
The income of a broker remains unchanged though the rate of commission is increased from 4% to 5%. The percentage of slump in business is
(a)
1%
(b)
8%
(c)
20%
(d)
80%
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The income of a broker remains unchanged though the rate of commission is increased from 4% to 5%. The percentage of slump in business is |
|
|||||||
|
(a) |
1% |
(b) |
8% |
(c) |
20% |
(d) |
80% |
|
1 Answer
127 votes
Answer Key / Explanation : (c) -
Suppose the business value changes from 
to 
4% of 
of 
Change in business = 
Percentage slump = 
= 20%.
127 votes
Answer Link
127