If a price is increased by 10% and then decreased by 10%, what is the net change?
Quiz Options
- No change
- 1% increase
- 1% decrease
- 10% decrease
Explanation
Let the original price be 100. A 10% increase makes it 110. A 10% decrease on 110 is 11, making the final price 110 - 11 = 99. This is a 1% decrease from the original 100.