A price of 80 is increased by 40% and the new price is then reduced by 50%. What is the final price?
Answer and explanation
Correct answer: D. 56
- Step 1: After the first change the price is 80 x 1.4 = 112.
- Step 2: After the 50% reduction it is 112 x 0.5 = 56.
Answer
56.
Why not the others: 72 adds and subtracts the percentages directly, but the second change applies to the new price; the other values apply only one of the changes.
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