The price of a commodity is first increased by 20 and then reduced by 15 What is the net increase or...........

Quantitative Aptitude ( CCS) Percentage

The price of a commodity is first increased by 20% and then reduced by 15%. What is the net increase or decrease in the price?

2% decrease

2% increase

5% increase

5% decrease

Let the number to be 100

Number Increase by 20%

100 + 20% of 100 = 100 + ( (20/100)×100 ) = 100 + 20 = 120

The resulting number decreased by its 15%

= 120- (15/100×120) = 120 - 18 = 102

Now, net increase =102-100 = 2% increase

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