A price rises by and then falls by . What is the net percent change from the original price?
Answer and explanation
Correct answer: E. -4%
- Step 1: Express each sequential price adjustment as a fractional multiplier: an increase of gives , and a decrease of gives .
- Step 2: Multiply the two consecutive multipliers: .
- Step 3: Compute the net percentage change: .
Answer
-4%.
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