Question

What is the final amount if 672 is decreased by 12% followed by a further 5% decrease?
Give your answer rounded to 2 DP.

Answer 1

Answer:

If you decrease by 12% then the amount becomes 672 ×{(100-12)/100} = 672×0.88

This amount is decreased by 5%

Then the amount becomes 672×0.88×0.95

=561.792