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

A An increase of 99%

B an increase of 1%

C a decrease of 1%

D No Change

Solution

Correct Answer: Option C

suppose, price of product=100 tk at 10% increase, price=110 tk again, at 10% decrease, price=110-11 tk=99 tk so, price reduced=100-99 tk=1 tk so, reduced 1%

Solution

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