The price of a tablet is first increased by 10%, and then decreased by 2.5% due to reduction in sales. What is the net percentage change in the final price of the tablet?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Increase by 7.25%
According to the question,
DIscount = (10 - 2.5) - (10 × 2.5)/100
⇒ D = (7.5) - (25/100)
⇒ D = (7.5) - (0.25) = 7.25%