Question

If the price of gold increased by 20% on Monday and decreased by 20% on Tuesday then by what percentage is Tuesday's price higher or lower than the initial prize of that week?
A) 4% lower
B) 12.5% higher
C) 10% lower
D) No change

Answer 1

Answer:

A) 4% lower

Step-by-step explanation:

let the price of gold be rs 100.

price on monday = 100+20% of 100

=100+20=120

price on Tuesday= 120-20% of 120

=120-24=96

percentage change=(100-96) = 4% lower