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Q
The tax on a commodity is diminished by 15% and its consumption increased by 10%. Find the decrease percent in the revenue derived from it.
The tax on a commodity is diminished by 15% and its consumption increased by 10%. Find the decrease percent in the revenue derived from it.
- Option 1)
6.5%
- Option 2)
8.33%
- Option 3)
9.11%
- Option 4)
7.4%
- Option 5)
5.2%
Answers (1)
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Let tax on commodity be , Consumption =
Initial =
Final =
% decrease = Initial - final