If 1,500 is increased by 20%, and then reduced by y%, yielding 1,080, what is y? Choose the correct choice from the following options.
A) 20% B) 40% C) 60% D) 80% E) 100%
Soln:-   1,500*1.2 = 1,800.   1,800(1 - y/100) = 1,080 --&gt; (1 - y/100) = 0.6 --&gt; y = 40%.   ANSWER:40%
<result>B</result>
If 1,500 is increased by 20%, and then reduced by y%, yielding 1,080, what is y?