Question

the price of an object increase by 10% and again decreased by 20% on the increase amount, find out the net increase percent.

Answer 1

Answer:

Let the initial price of the product be ₹100

Price of a product is increased by 10%

On increase of price by 10% it's cost will be

₹100 + ₹10 = ₹110.

Then price decreased by 20%.

Decrease of 20% on price of ₹110

20/100 × 110 = ₹22

After decrease it's price will be

110 - 22 = ₹88

The final price relative to the initial price

= Initial price - price after 20% decrease

= ₹100 - ₹88

= ₹12

As it is on ₹100 so it will be 12%

Thus there is loss of 12%