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      Question

      The price of an article is increased by 20% and then

      decreased by 20%. Find the net percentage increase or decrease in the price.
      A 4% decrease Correct Answer Incorrect Answer
      B 8% decrease Correct Answer Incorrect Answer
      C 12% increase Correct Answer Incorrect Answer
      D 15% increase Correct Answer Incorrect Answer

      Solution

      ATQ, Assume original price = 100. After 20% increase: Price = 120 After 20% decrease: Price = 120 βˆ’ 20% of 120 = 120 βˆ’ 24 = 96 Net change = 96 βˆ’ 100 = βˆ’4 So price decreases by 4%.

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