Shyam, a small-scale vendor, is unable to buy goods at high prices. It ____ his standard of living.

increases

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decreases

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doesn't affect

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is equal to

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Solution

The correct option is B decreases
When people are unable to buy goods at high prices, it reduces their standard of living.

Standard of living refers to the quantity of material goods and services that ensures a comfortable living.

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A shopkeeper buys goods at $\frac{4}{5}$ of its marked price and sells them at $\frac{7}{5}$ of the marked price, find his profit percentage.

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