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    Question

    The price of a sweater is increased by 30% and then

    decreased by 20%. What is the net change in the price(in%)?
    A 4% decrease Correct Answer Incorrect Answer
    B 2% increase Correct Answer Incorrect Answer
    C 5% increase Correct Answer Incorrect Answer
    D 4% increase Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    Let the price of a sweater = Rs. 100 According to the question, 100*130/100*80/100=104 Net change = 104 – 100 = 4% increase

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