Question: The income of a broker remains unchanged though the rate of commission is increased from `4%` to `5%`. The percentage of slump is business is :
A
B
C
D
`1%`
B
``8%`
C
`20%`
D
`80%`
Note: Let the business value changes from x to y.
`4% of x`
`= 5% of y ⇒ 4/(100) x`
`= 5/(100) y ⇒ y`
`= 4/(5) x.`
change in business
`= (x - 4/5 x)`
`= x/5`
percentage slump
`= (x/5 xx 1/x xx 100)%`
`= 20%`