A price of 400 is increased by 50% and the new price is then reduced by 20%. What is the final price?
Answer and explanation
Correct answer: A. 480
- Step 1: After the first change the price is 400 x 1.5 = 600.
- Step 2: After the 20% reduction it is 600 x 0.8 = 480.
Answer
480.
Why not the others: 520 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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