Q183
ArithmeticPercentage, Profit & Loss
Price of an article increases by 20%. As a result turnover increases by 12%. Find the decrease in quantity sold.
- a.5%
- b.6·67%
- c.6·66%
- d.5·67%
Answer: (B) 6·67%
Turnover = price × quantity, so quantity = 1·12 ÷ 1·20 = 0·9333 of the original. The decrease is $6\frac{2}{3}$%, which rounds to 6·67%. 6·66% cuts off the recurring 6 instead of rounding it, and 5% and 5·67% are too small.