question archive A car rental agency lowers their rates by 10 percent
A car rental agency lowers their rates by 10 percent
Subject:EconomicsPrice:2.88 Bought3
A car rental agency lowers their rates by 10 percent. If the agency wants to recoup the income lost by lowering the prices and have total revenues at least as high as before, it needs sales to:
a. Increase by 5 percent,
b. Increase by 10 percent,
c. Increase by 20 percent,
d. Decrease by 10 percent.
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