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A price is first increased by 10% and then decreased by 10%. The net change is:
Aa 1% decrease
Ba 1% increase
Ca 10% decrease
Dno change
Answer & Solution
Correct answer: A. a 1% decrease
Net factor = 1.10 × 0.90 = 0.99, i.e. a 1% decrease (successive % don't cancel).
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