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Question
If the price of an item is increased by 10% and then decreased by 10%, the net effect on the price of the item is --
an increase of 99%
an increase of 1%
no change
a decrease of 1%
a decrease of 11%
ANSWER : 4
Descrption
<p>Let, price of the item = Tk.100</p> <p>After 10% increase the price become = (100 + 10) = Tk.110</p> <p>Then, after 10% decrease new price = 110 - 10/100×110 = Tk.99</p> <p>Net decrease = 100 - 99 = Tk.1 </p>
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