Civil Service Exam Reviewer · Percentage · hard

The price of a product was increased by 15% and then decreased by 15%. What is the net percent change?

  1. No change
  2. 2.25% decrease
  3. 4.5% decrease
  4. 2.25% increase

Answer

B. 2.25% decrease

Solution

Net factor = 1.15 × 0.85 = 0.9775 → decrease of 2.25%.

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