If a product price is decreased by 12% and then increased by 15%, what is the net percentage change in price?
Show answer & explanation
Correct answer: B
Explanation
Decrease = 12%, Increase = 15%
Net change = a + b + (ab/100)
a = −12, b = +15
Net change = (−12 + 15) + (−12×15)/100 = 1.2% increase