Lesson eLearning

If a stall sells 15 loaves of bread at Rs 8 each and later increases the price to Rs 9 each while keeping the quantity sold at 15 loaves, what is the new total revenue?

easy 2 marks Class 7 · Social and Political Life · Markets Around Us
Answer
Rs 135

The correct answer is Rs 135 — State the new total revenue.

Step-by-step solution

  1. Compute original revenue: 15 loaves × Rs 8 = Rs 120.
  2. Compute new revenue: 15 loaves × Rs 9 = Rs 135.
  3. State the new total revenue.
Common mistake: Adding price and quantity instead of multiplying

Concept tested: Price change effect on revenue

Published · How this solution was prepared and checked

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