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When the price of a toy was increased by 20%, the number of toys sold was decreased by 15%. What was the effect on the sales of the shop ?
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- 4% increased
- 4% increased
- 2% increased
- 2% decreased
Correct Option: C
Let original of each toy be Rs. 100 and number originally sold be 100.
∴ originaly sale proceeds = Rs. (100 x 100) = Rs. 10000
New sale proceeds = Rs. (120 x 85) = Rs. 10200
∴ Increase% = (200 x 100 / 10000)% = 2%
