Price of an article is first increased by 40% and then reduced by 20% What is the percentage increase in its price
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Answer:
12%
Step-by-step explanation:
Let the price of the article be rupees x.
Price of article after increasing by 40%
= 140x/100
Price after 20% depreciation
= 140x/100 X 80/100
= 112x/100
Overall price increment percentage
= 12x/100 /x X 100
= 12%
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