The price of an item increased by 20%, and then a 25% discount was applied. What is the net percentage change in the price?
Answer: 5% decrease
Explanation
Increase by 20%:
100+20% of 100=100+20=120-
Apply a 25% discount on the increased price:
25% of 120=30⇒120−30=90
So, the final price is 90, and the original was 100.
-
Net percentage change:
90/100−100×100=−10%
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