1. In a high-end electronics laboratory, the price of a precision oscilloscope was increased by 20%. Due to a technical upgrade, the demand then decreased by x%. If the total revenue of the manufacturer increased by 8%, find the value of x.
A) 12%
B) 8%
C) 10%
D) 15%
Correct Answer: C
Revenue = Price $\\times$ Quantity. Let initial Price = P and Quantity = Q. Initial Revenue = PQ.<br>New Price = 1.20P. New Quantity = $Q(1 - \\frac{x}{100})$.<br>New Revenue = 1.08PQ.<br>$$1.20P \\times Q(1 - \\frac{x}{100}) = 1.08PQ$<br>$1.2(1 - \\frac{x}{100}) = 1.08 \\Rightarrow 1 - \\frac{x}{100} = 0.9$<br>$\\frac{x}{100} = 0.1 \\Rightarrow x = 10$$.