a trader raised the price of his product by 10% and then he lowered the enhanced price by 10%. compared to the latest price the first price has been
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Step-by-step explanation:
Let the price be 100
on increasing by 10% it becomes 110%
then on lowering by 10% it becomes 90% of 110= 90/100×110= 99
Now if we compare the latest price with the first price then we find that first price is greather than latest price by 100-99/99×100%=100/99%
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