Find the percentage change in the cost of an article which first increased by 20% and then decreases by 8 %.
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Answer:
change in percentage =92%
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Question
- Find the percentage change in the cost of an article which first increases by 20% and then decreases by 8%
Required answer:-
- 10.40% is the answer required
Solution
Since, now it is decreased by 8%
⁂ Value of the article after a decrease of 8%
= Rs.120 - 8% of Rs.120
= Rs.120 - Rs.9.60 = Rs.110.40
⁂ Change (increase) on the whole
= final value - Initial value
= Rs.110.40 - Rs.100 = Rs.10.40
⁂ Percentage change (increase) = 10.4%
Alternative method :-
Since, the cost of the article was first increased by 20% and then decreased by 8%
⇒ If initial value of the articles is Rs.100
⁂ Percentage change (increase) = ( Rs.110.40 - Rs.100)% = 10.40%
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