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Selling price of a cellphone is increased by 20%. For this sale is decreased by 30%. Find the effect of total sales?

16%
14.5%
12%
10.5%

Correct Answer: 16%

Explanation:

Let cost of each cell phone = Rs.100 & Sale = 100 phones.

Money receipt = Rs.(100 x 100) = Rs.10,000

New cost per cellphone = Rs.120 and New sale = 70 phones

New Money Receipt = Rs.(70 x 120) = Rs.8400

Then the effect of sales = decrease in money receipt =

$\frac{1600}{10000} x 100 = 16 %.$

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