The price of an article is first increased by 10% and then decreased by 30%. What is the net percentage…
The price of an article is first increased by 10% and then decreased by 30%. What is the net percentage change in its price?
Answer and solution
Correct answer: B) 23% decrease
Net change = 10 − 30 − (10 × 30)/100 = -23%, i.e. a 23% decrease.
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