the price of the saree is first increased by 12% and then later on reduced by 10%. if the originally price was RS 400 what is the percentage change in price
Answers
The percentage change in the price of the saree is 0.8%.
Given:
The price of a saree is first increased by 12% and then later on reduced by 10%.
To Find:
The percentage change in price if originally the price of the saree was
Rs 400.
Solution:
The original price of the saree = Rs. 400
Current price of the saree after it's original price being increased by 12%
= (400 + (12x400)/100) = 400 + 48 = Rs 448
Now the current price of the saree is decreased by 10%.
Hence, the new price of the saree after its price being decreased by 10%
= (448 - (10x448)/100) = 448 - 44.8 = Rs. 403.2
Now, Net change in price = Original price of the saree - The new price after it being initially increased by 12% and then decreased by 10%
⇒ Net change in price = 400 - 403.2 = 3.2
Percentage change in price = ( Net change in price)/(Original price) x 100
⇒ Percentage change in price = 3.2/400 x 100 = 0.8
Hence, the percentage change in the price of the saree is 0.8%.
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