Question
Download Solution PDFThe price of an article decreased by 8% and then increased by 12%. What is the approximate effective percentage change in price?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The price of an article is first decreased by 8% and later increased by 12%.
Formula used:
Percentage in change = a + b + (ab/100)
Calculation:
12 - 8 - (8 × 12)/100 = 4 - 0.96
= 3% (approx.)
It means the price of the book increased by 3%.
<math xmlns="/"><mn> <math xmlns="/"><mn> <math xmlns="/"><mn> <math xmlns="/"><mn> ∴ The price of the article increased by 3%.
Last updated on Jul 8, 2025
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