Civil Service Exam Reviewer · Percentage · hard
The price of a product was increased by 40% and then decreased by 50%. What is the net percent change?
- 10% decrease
- 60% decrease
- 30% increase
- 30% decrease
Answer
D. 30% decrease
Solution
Net factor = 1.4 × 0.5 = 0.7 → decrease of 30%.
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