A price of 200 euros rises by 20 % and then falls by 20 %. What is the final price?
Answer and explanation
Correct answer: D. 192
- Step 1: After the rise: 240. Step 2. After the fall: 240 x 0.8 = 192. Answer: 192. Why not the others: 200: an increase and a decrease of the same percentage do not cancel. 240: only the increase was applied. 160: only the decrease was applied.
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