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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?

Correct Answer: 12.5% more

Explanation:

    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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