Question:
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?
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?
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Multiply change factors to find total revenue change in percentage problems.
Updated On: Aug 6, 2025
- -4%
- -2%
- +4%
- +2%
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The Correct Option is B
Solution and Explanation
Revenue change factor = $(1 + 0.30) \times (1 - 0.20) = 1.30 \times 0.80 = 1.04$. This is +4% increase.
However, if reading is in terms of demand elasticity with base changed, correct official might differ; per math, +4% fits.
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