The increase in the price of a certain item was 25%. Then the price was decreased by 20% and then again…
The increase in the price of a certain item was 25%. Then the price was decreased by 20% and then again increased by 10%. What is the resultant increase in the price?
5%
10%
12.5%
15%
Solution
Let the initial price be Rs. 100. After 25% rise: Rs. 125. After 20% fall: $125 - 25 = $ Rs. 100. After 10% rise: Rs. 110. Resultant increase = 10%.