Q:
In order to maximize his gain, a shopping mall owner decides to reduce the price of electronics goods by 20% and as a result of this, the sales of electronics increase by 40%. If, as a result of these changes, he is able to increase his weekly collection by Rs. 1,05,000, find by what value did the gross collection increase per day?
Answer & Explanation
Answer: D) Rs. 15000
Explanation: It won't requires that much solving.
Here given the increase in weekly collection by Rs. 1,05,000
That is this increase denotes for all 7 days.
=> Gross Collection increase per day =
Hence, the gross collection increase per day = Rs. 15,000.
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