If a bakery sells 250 loaves of bread per day at 20 rupees per loaf, and it increases the price by 5 rupees, resulting in a 10% decrease in sales, what is the new daily revenue?
Q1. If a bakery sells 250 loaves of bread per day at 20 rupees per loaf, and it increases the price by 5 rupees, resulting in a 10% decrease in sales, what is the new daily revenue?
Answer: 5625 rupees
Explanation: Original revenue = 250 * 20 = 5000. New price = 20 + 5 = 25. New sales = 250 - (10% of 250) = 250 - 25 = 225. New revenue = 225 * 25 = 5625.