If the price of an item is increased by 10% and then decreased 10% , the net effect on the price of the item is---
Solution
Correct Answer: Option D
at 10% increase, if previous price 100 then current price (100+10)=110 tk at 10% decrease, if previous price 100 then current price (110-11)=99 tk so, net effect on the price of the item is a decrease of 1%
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