The price of a pen is first increased by 15% and later on the price was decreased by 20% due to reduction in sales. Find the net percentage change in the final price of a pen.
Answer & explanation
Correct answer: option 3
Formula :-
Net percentage change = [A - B - \(\frac{A× B }{100}\)] %
Net percentage change = [15 - 20 - \(\frac{15× 20 }{100}\)] %
= - 8%
Ans = Decrease in 8%