A shopkeeper increases the price of a pen by 20% and then gives a 20% discount. What is the net change in price?
Show answer & explanation
Correct answer: C
Explanation
Let the original price = ₹100
After a 20% increase = ₹120
After a 20% discount = 120 × 80/100 = ₹96
Reduction = 100 − 96 = ₹4
A reduction of 4%