When the price of a portable hard disk is reduced by 24%, its sale increases by 35%. What is the net percentage change in the total revenue?
Given:
Price decreased by 24%
Sales increased by 35%
Formula Used:
Use the net percentage change formula for successive changes:
Net % Change =
Solution:
x = -24, y = +35
Net % Change =
= 11 -
= 11 - 8.4 = 2.6%
Thus, 2.6% increase in total revenue.
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