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If prices are reduced by 20% and sales are increased by 15%, what is the net effect on gross receipts?a)They increase by 8%.b)They decrease by 8%c)They remain the same.d)They increase by 10%.Correct answer is option 'B'. Can you explain this answer? for Electronics and Communication Engineering (ECE) 2024 is part of Electronics and Communication Engineering (ECE) preparation. The Question and answers have been prepared according to the Electronics and Communication Engineering (ECE) exam syllabus. Information about If prices are reduced by 20% and sales are increased by 15%, what is the net effect on gross receipts?a)They increase by 8%.b)They decrease by 8%c)They remain the same.d)They increase by 10%.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Electronics and Communication Engineering (ECE) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If prices are reduced by 20% and sales are increased by 15%, what is the net effect on gross receipts?a)They increase by 8%.b)They decrease by 8%c)They remain the same.d)They increase by 10%.Correct answer is option 'B'. Can you explain this answer?.

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