A price of $800 rises by 10% and then falls by 10%. What is the final price?
Answer and explanation
Correct answer: D. $792
- Step 1: After the rise the price is 800 x 1.1 = 880.
- Step 2: The fall applies to the new price: 880 x 0.9 = 792.
- Step 3: The final price is lower than the start because the fall is taken from a bigger amount.
Answer
$792.
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