Question

    In the first month, the income of Q increases by 40%. In

    the second month, his income decreases by 40%. What will be the percentage increase or decrease in the income after two months?
    A 14% increase Correct Answer Incorrect Answer
    B 19% decrease Correct Answer Incorrect Answer
    C 16% decrease Correct Answer Incorrect Answer
    D 10% increase Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ;
    Net change in income after two months = 40 - 40 - (40 × 40 / 100)

    = -16%

    = 16% decrease

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