Question

If the price of an item is decreased by 10$\%$ and then increased by 10$\%$, the net effect on the price of the item is,

• A. Decrease of 99$\%$
• B. No change
• C. decrease of 1$\%$
• D. An increase of 1$\%$

Answer 1

Answer: (C)

decrease of 1$\%$

Answer 2

The correct answer is Option (C): decrease of 1$\%$