The price of an article is first increased by 25% and later on, the price was decreased by 30% due to a reduction in sales. Find the net percentage change in the final price of the article.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 12.5% decreased
According to the question
Firstly the price is increased by 25 and then decreased by 30
The final price of article = 25 - 30 - (25 × 30)/100
= -5 - 7.5 = - 12.5%
Hence, the final price is decreased by 12.5%