What will be the Final Price? If

The price of an item is increased by 20% and then decreased by 20% . The final price as compared to original price is:

  1. 20% less
  2. 20% more
  3. 4% more
  4. 4% less
Desire Adnan Default Asked on 3rd August 2015 in Maths.
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1 Answer(s)

Answer: (4) 4 % less
Explanation:-
Let the price of an item is Rs.100
price is increased by 20 %,
Then, The price of an item = 100 + 100 x 20 /100
= 100 + 20
= Rs.120

And price is decreased by 20 %.
Then, the price of an item = 120 – 120 x 20/100
= 120 – 24
= Rs.96
Loss % = 100 – 96
= 4 %
Hence, the answer is (4) 4 % less.

Anurag Mishra Professor Answered on 3rd August 2015.
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