The cost of apples is increased by 20% and then decreased by 20%. What is the net pecentage decrease?
Show answer & explanation
Correct answer: A
Explanation
5The correct answer is Option 1 i.e. 4%.
Given:
Increment = 20%
Decrement = 20% of the new number
Concept Used:
Net Decrease =
Explanation:
Let the original number be 100.
Now, after first increment, new number = 100 + 20% of 100
⇒ New number = 100 + 20 = 120
Now, after decrease in new number, final number = 120 - 20% of 120
⇒ Final number = 120 - 24 = 96
Now, net decrease = = 4%
Hence the net pecentage decrease is 4%.