The tax on a commodity is diminished by 10% and its consumption increases by 10%. Find the effects on revenue.
A Increases by 2%
B Decreases by 1%
C Increases by 1%
D Decreases by 2%
Solution
Correct Answer: Option B
শতকরা পরিবর্তন = -10% + 10% - (10 x 10)/100%
= -10% + 10% - 1%
= -1%
∴ শতকরা ক্ষতি = 1%