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      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

      Solution

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

      = -16%

      = 16% decrease

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