Because of scarcity of rainfall, the price of a land decrease by 12% and its production also decrease by 4%. What is the total effect on revenue ?

Because of scarcity of rainfall, the price of a land decrease by 12% a

1.	Because of scarcity of rainfall, the price of a land decrease by 12% and its production also decrease by 4%. What is the total effect on revenue ?
A.	Loss of 16%
B.	Gain of 15%
C.	Loss of 15.48%
D.	Gain of 15.48%
E.	Loss of 15.52%
Answer» F.

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Because of scarcity of rainfall, the price of a land decrease by 12% and its production also decrease by 4%. What is the total effect on revenue ?

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