A restaurant has priced camera at 95 Rs. Now it reduces its price by 20% so that it earns 60% more. Now, what is the percentage increase in consumption of camera?
(A) 100%
(B) 10%
(C) 90%
(D) 50%

• initial price=95
  Reduced by 20%= So New price will be =95-95*20/100=76
  Now He is saying that he want to earn 60 % profit:
  So in order to earn 60% early he has to sold the camera at = 95 +(95*60/100) =152
  Now if we will compare the reduce price which is 76 from the price to which we have to sold 152 We will get the difference of rs. 76(152-76).
  Percentage=(76/76)*100;
  Ans :-100%
• 6 years agoHelpfull: Yes(8) No(0)
• Price was 95 now restaurant had to earn 60% more so it will be 95+57 =152.
  Reduced price will be 76 so to earn 152 restaurant has to sell 2 cameras. The answer will be 100%.
• 6 years agoHelpfull: Yes(6) No(0)
• 100% as
  
  20% less of 95=76
  60% profit of 95=152
  so 152-76=76
  i.e 100% of 76%
• 6 years agoHelpfull: Yes(2) No(2)
• Hi Jatin,
  
  How to you calculated percentage increase in consumption as 100%.
  
  I understood answer you have given except last statement i.e. “The answer will be 100%.” as you have mentioned in answer.
• 6 years agoHelpfull: Yes(0) No(0)
• 100 is ans
• 6 years agoHelpfull: Yes(0) No(0)
• Selling price of camera is 95 ==> sp1 = 95
  Reducing price by 20% which makes it 76 ==> sp2 = 76
  
  Now,
  Since cost price is not given we can assume it to be zero (the question does not say anything about the cost price, hence assuming a value would not make any difference to the anwer - just make sure there is a positive gain)
  So profit1 = p1 = 95 - 0
  profit2 = p2 = 76 - 0
  
  Total gain on selling k1 items with sp1 = k1*95
  Again we can assume k1 is 1
  so gain is 95
  On selling k2 items with sp2 = k2*76
  
  (Total gain in case 2 - total gain in case 1) / total gain in case 1 = 6 / 10 [given]
  (76x - 95) / 95 = 6 / 10
  it comes to
  76x = 152
  x = 2
  Hence increase in consumption is (2 - 1)/1 * 100% = 100%
• 5 years agoHelpfull: Yes(0) No(1)