The price of fuel decreases by 40%, 30% and 10% in three successive months, but increases by 40% 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 47.08%.
Let the orginal price = 100
So,
= 100 × × × ×
= 100 × 0.6 × 0.7 × 0.9 × 1.4
= 52.92
% Decrease = 100 - 52.92 = 47.08%