If the price of an item is decreased by 40% and then increased by 40%, the net effect on the price of the item is  Choose one.
A) A decrease of 99%  B) No change  C) A decrease of 16%  D) A increase of 1%  E) none
initially assume 100 rupees   40% discount in 100 gives price of 60 rupees   then 40% raise in 60 is only 24 rupees.   therefore total price =84 rupees.   hence 16% is the loss   ANSWER:A decrease of 16%
<result>C</result>
If the price of an item is decreased by 40% and then increased by 40%, the net effect on the price of the item is