document.write( "Question 370573: when the price of fans was reduced by 20%, the number of fans sold increased by 40%. What was the effect on the sale proceeds? \n" ); document.write( "
Algebra.Com's Answer #264130 by robertb(5830)![]() ![]() You can put this solution on YOUR website! Let n = # fans sold, p = price of one fan. \n" ); document.write( "Revenues without reduction = np \n" ); document.write( "Revenues after price reduction = (0.80p)*(1.40n) = 1.12np. \n" ); document.write( "Then 1.12np - np = 0.12np. Therefore there is 12% increase in revenues. \n" ); document.write( " |