Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
The price of an article is first increased by 20% and later on decreased by 25% due to reduction in sales. Find the net percentage change in final price of the article. [SBI Jr. Associates (Pre.) Exam, 2016]
(a)20%
(b)18%
(c)38%
(d)None of these
Answer
Answer (as printed): D
Explanation
Let price of article is ` 100. First increase% = 20% After increase, price of article 120 = 100 × = ` 120 100 Second decrease% = 25% 120 × 25 After decrease, price of article = 120 − = ` 90 100 Net change percent in price 100 − 90 10 = × 100 = × 100 = 10% 100 100
Explanation as extracted from the printed page; notation may be imperfect.