Civil Service Exam Reviewer · Percentage · hard
The price of a product was increased by 15% and then decreased by 40%. What is the net percent change?
- 25% decrease
- 31% decrease
- 62% decrease
- 31% increase
Answer
B. 31% decrease
Solution
Net factor = 1.15 × 0.6 = 0.69 → decrease of 31%.
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