The price of a laptop has been increased by 15%. By what percent must the new price be reduced to restore the original price?
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Answer:
let the original price of the laptop be = 100
given that the price of the laptop has been increased by 15% = 115%
therefore the percent decrease:
= (15/115)×100
= (1500/115)
= 300/23
= 13.04%
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