These are sample practice MCQs created for exam preparation. These are NOT official exam questions.
A price increased by 20% and then decreased by 20%. What is the net percent change from the original price?
Question:
A price increased by 20% and then decreased by 20%. What is the net percent change from the original price?
A price increased by 20% and then decreased by 20%. What is the net percent change from the original price?
Options
Answer: (C) 4% decrease
Explanation:
Let original price = 100. After 20% increase: 100 × 1.20 = 120. After 20% decrease: 120 × 0.80 = 96. Net change = 96 - 100 = -4, which is a 4% decrease.
Explanation:
Let original price = 100. After 20% increase: 100 × 1.20 = 120. After 20% decrease: 120 × 0.80 = 96. Net change = 96 - 100 = -4, which is a 4% decrease.
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