Post Utme Summit University 2024 Commerce Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Summit University Commerce examination.

Post Utme Summit University 2024 Commerce Objective / Multiple Choice
Question 38 POST_UTME_SUMMIT_UNIVERSITY • 2024 • COMMERCE • objective

A company is considering the implementation of a new marketing strategy. The strategy involves increasing the price of their product by 10% and reducing the quantity sold by 20%. What is the effect on the company's total revenue?

Answer Options

A. Increase by 8%
Correct Answer B. Decrease by 12%
C. Increase by 4%
D. Decrease by 16%
Correct Answer
B
Correct Option:
Decrease by 12%

About This Question

This is Post Utme Summit University 2024 Commerce Question 38. It is one of the objective questions from the 2024 Post Utme Summit University Commerce examination.

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