If the price of an item is decreased by 20% and then increased by 20%, the net effect on the price of the item is Choose the correct choice from the following answers.
A) A decrease of 4% B) No change C) A decrease of 1% D) A increase of 1% E) none
initially assume 100 rupees   20% discount in 100 gives price of 80 rupees   then 20% raise in 80 is only 16 rupees.   therefore total price =96 rupees.   hence 4% is the loss   A decrease of 4%NSWER:A decrease of 4%
<result>A</result>
If the price of an item is decreased by 20% and then increased by 20%, the net effect on the price of the item is