The price of a shirt is first increased by 15% and then decreased by 12%, and again increased by 8%. Find the net increase or decrease percentage (correct to one decimal place) in the price of the shirt.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Increase of 9.3%.
Let the original price be 100.
After 15% increase → 100 × 1.15 = 115
After 12% decrease → 115 × 0.88 = 101.2
After 8% increase → 101.2 × 1.08 = 109.296
Net change = 109.296 − 100 = 9.296% ≈ 9.3% increase