A buffet costs rs300. owner reduced the price 20% less. he got profit of 25% on its revenue. what is the percentage increase in number of customers?

• let assume he sells 1 buffet daily,
  now
  then 300*1 = revenue (eq -1)
  if he reduced his price by 20% then ,
  240*(customer) = 125/100*revenue
  customer = 1.25*300/240 = 1.56
  means 56 % increase in customer.
• 9 years agoHelpfull: Yes(16) No(2)
• initially, let the total budget including initial revenue be x per day, and y be the number of customers when the cost prize of buffet was 300.
  300y=x;
  
  when the price is reduced to 240,and profit 25%
  the total budget including new revenue be 125x/100 per day, and z be the number of customers.
  z=125x/(100*240)
  
  % increase in customers = ((z-y)/y)*100
  =56.25%
• 9 years agoHelpfull: Yes(7) No(0)
• Simple Solution
  ...........
  ...........
  Let assume initial revenue=R and initial no of customers=N and costs=300
  then R=300*N.........................eq 1
  later revenue increases 25% means R'= 125/100 and no of customers=N'
  and buffet costs reduce 80% means 240
  then R'=240*N'
  125/100=240*N...........................eq 2
  by solving eq 1 and eq 2,we will get N'/N=150/96.........
  .% increase in customer=54*100/96=56.26%(ans)
  
• 9 years agoHelpfull: Yes(4) No(0)
• R = total revenue
  C = cost of 1 buffet
  N = total number of customer
  R= C*N.............1 eq
  5/4R= 4/5C*N'.......2 eq
  divide the both eq
  N'= 25/16N or N'= (16+9)/16 N hence 9/16*100 = 56.xx
  
• 9 years agoHelpfull: Yes(2) No(0)
• One buffet cost 300
  20% reduce means=240
  After reduce price he gets 25% profit means 192 is cost price
  i.e 100% is cost price and 25%is profit
  Total 125%
  240/5=48. 48*4=192
  We take 5 parts in that 4 parts is cost price 1 part is profit
• 9 years agoHelpfull: Yes(0) No(1)
• Plzz anybody have today's 6 Dec cryptography question. Plllzzz share
• 9 years agoHelpfull: Yes(0) No(1)
• Initially buffet costs rs.300 (M.P.), after reducng 20% now 80% of 300(S.P.)
  (80/100)*300 =240
  
  Increase in customers % = (60(differences in price)/240)*100=25%
  i am not sure about dis ans ..If I am wrong plz do correct.
• 9 years agoHelpfull: Yes(0) No(1)
• Price is always indirectly proportional to Consumption
  i.e,Price goes up,then consumption will be less and vice versa
  
  Price decrease = 1/5 =20%
  Consumption will increase = (Num/Den-Num)=(1/5-1)=1/4 or 20% increase in customer
  [Answer=20% increase]
  
  ***if price will increase,then formulae for consumption is (Num/Den+Num)*** :))))))))
• 9 years agoHelpfull: Yes(0) No(2)
• 56.25 is the ans
• 9 years agoHelpfull: Yes(0) No(1)
• (cost) 300->240--------(25%inc on 300)-->375
  req increase in percentage of customer=>(375-240)/240 * 100==56.25(ans)
• 7 years agoHelpfull: Yes(0) No(0)