A bakery sells 250 loaves of bread per day at 2 each. If it increases the price by 25%, the sales drop by 20%. What is the new daily revenue?
Q1. A bakery sells 250 loaves of bread per day at 2 each. If it increases the price by 25%, the sales drop by 20%. What is the new daily revenue?
Answer: 500
Explanation: Original revenue = 250 * 2 = 500. New price = 2 * 1.25 = 2.5. New sales = 250 * 0.8 = 200. New revenue = 200 * 2.5 = 500.