Question

the price of petrol increaed by 12% last year. now,the prices are reduced by 12%. find the net increase or drcrease in the price of petrol

Answer 1

Answer:

Let the initial cost of petrol be RS100

after increase in 12% the price is RS112

SO next year we have to decrease the price by 12%

so

12 \div 100 \times 112

the decreased price is 13.44

after reducing the price is 98.56

the net decrease in price is RS1.44

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