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      Question

      A price is increased by 15% and then decreased by 10%.

      Find the net percentage change.
      A 9% decrease Correct Answer Incorrect Answer
      B 5% increase Correct Answer Incorrect Answer
      C 1.5% decrease Correct Answer Incorrect Answer
      D 3.5% increase Correct Answer Incorrect Answer

      Solution

      ATQ, Net factor = 1.15 Γ— 0.90 = 1.035 Net change = 1.035 βˆ’ 1 = 0.035 = 3.5% increase

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