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A XYZ company who sales noodles in the market when increase price of per packet noodle by 10%, immediately after that it was found that 10% people switched to another brand. Find the percentage change in the revenue?
  • a)
    1% decrease
  • b)
    1% increase
  • c)
    No change
  • d)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A XYZ company who sales noodles in the market when increase price of p...
GIVEN:
Increase in price = 10%
People switched to another brand = 10%
FORMULA USED:
Change in revenue = x + y + x × y / 100
CALCULATION:
Change in revenue ⇒ 10 + (- 10) + {10 × (- 10)}/100 = – 1
Hence 1% decrease in revenue.
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A XYZ company who sales noodles in the market when increase price of per packet noodle by 10%, immediately after that it was found that 10% people switched to another brand. Find the percentage change in the revenue?a)1% decreaseb)1% increasec)No changed)None of theseCorrect answer is option 'A'. Can you explain this answer?
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