To correctly fill in the blanks in the sentence, we need to understand the context and choose the words that best fit logically and grammatically.
Given sentence: "The____was that the cheaper the_____rate the better it is for the industry."
This choice best fits the grammatical and contextual requirements of the sentence.
If the price of a commodity increases by 25%, by what percentage should the consumption be reduced to keep the expenditure the same?
A shopkeeper marks his goods 40% above cost price and offers a 10% discount. What is his percentage profit?