X’s salary is increased by 20% and then decreased by 20%. What is the change in salary?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 4% decrease
let the salary of x be Rs 100.
When increased by 20%, it will become Rs. 120
Then it is decreased by 20%, then it will become Rs. 96
Thus, the net change is Rs 4. Thus, it will be decreased by 4%