The price of an article is first increased by 20% and subsequently decreased by 25% due to reduction in sales. Find the net percentage change in price of the article. |
10% decrease 0.2% increase 8% decrease 5% decrease |
10% decrease |
We have, Price of a mobile is first increased by 20% and later decreased by 25% Let's assume the original price of the mobile is 100. When the price is increased by 20%, it becomes 100 x 1.20 = 120. Then, when the price is decreased by 25%, it becomes = 120 * (1 - 0.25) = 90. Final price of the mobile is = (90 - 100) / 100 * 100 = -10%. So, the final price is decreased by 10% compared to the original price. |