The Shopkeeper increased the price of a product by 25% so that customer finds it difficult to purchase the required amount. But somehow the customer managed to purchase only 70% of the required amount. What is the net difference in the expenditure on that product?
Solution
Correct Answer: Option C
Quantity X Rate = Price
1 x 1 = 1
0.7 x 1.25 = 0.875
Decrease in price = (1-0.875) x 100 = 12.5%
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