The price of fuel decreases by 25%, 10% and 30% in three successive months, but increases by 60% 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: B
Explanation
The correct answer is Option 2 i.e. Decreases by 24.4%.
Let the orginal price is 100
100 × × × ×
⇒ 75 × 0.9 × 0.7 × 1.6
⇒ 75.6%
Now compare with original price 100 → final is 75.6
Decrease = 100 – 75.6 = 24.4%