Arithmetic Ability
Percentage

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Q.

The Shopkeeper increased the price of a product by 25% so that customer finds it difficult to purchase the required amount. But somehow the customer managed to purchase only 70% of the required amount. What is the net difference in the expenditure on that product?

View Answer

Correct choice: C

Explanation:

Quantity X Rate = Price 1 x 1 = 1 0.7 x 1.25 = 0.875 Decrease in price = (1-0.875) x 100 = 12.5%
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