If the price of an item is decreased by 40% and then increased by 20%, the net effect on the price of the item is Answers:  A) A decrease of 99%  B) No change  C) A decrease of 1%  D) A increase of 1%  E) A decrease of 28%
initially assume 100 rupees   40% discount in 100 gives price of 60 rupees   then 20% raise in 60 is only 12 rupees.   therefore total price =72 rupees.   hence 28% is the loss   ANSWA decrease of 28%R:A decrease of 28%
<result>E</result>
If the price of an item is decreased by 40% and then increased by 20%, the net effect on the price of the item is