The price of fuel decreases by 15%, 40% and 60% in three successive months, but increases by 45% in the fourth month. What is the percentage increase/decrease in the price of fuel in the fourth month as compared to its original price?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Decreases by 70.42%.
Let the original price be 100
⇒ 100 × × × × 1.45
⇒ 100 × 0.85 × 0.60 × 0.40 × 1.45 = 29.58
So, 70.42% decrease