Tax on a commodity is decreased by 10% and thereby its consumption increases by 8%. Find the increase or decrease percent in the revenue obtained from the commodity.

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Tax on a commodity is decreased by 10% and thereby its consumption increases by 8%. Find the increase or decrease percent in the revenue obtained from the commodity.

A $3.8%$

B2.8%

C4.8%

D5.8%

Answer:

B. 2.8%

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