A price rises by 20% and then falls by 20%. How does the final price compare with the first one?
AIt is the same
BIt is 20% less
CIt is 4% less
DIt is 4% more
Answer & Solution
Correct answer: C. It is 4% less
Starting at 100, it goes to 120 and then falls by 24 to 96, which is 4% less.
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