The price of a car is first increased by 35% and after that the price is decreased by 25% due to reduction in sales. What is the net percentage change in final price of the car?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Increases by
Given that
The price of a car is first increased by 35% and after that the price is decreased by 25% due to reduction in sales.
Formula used
The net change in value = x - y - xy/100
where, x is increased % and y is decreased %
According to the question
Hence, the net percentage change in final price of the car = 35 - 25 - 35 ×25/100= 10 - 35/4 = Increases by