Profit and loss

Quantitative Aptitude (MTS)

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Indian Economy - Understanding the basics of Indian economic system

If the price of a washing machine is first increased by 25% and then decreased by 25%, then the net change in price wil1 be a:

This questions was previously asked in

SSC MTS 26th July 2022 Shift-3

6.25% increase

6.25% decrease

6.5% increase

6.5% decrease

- Let's assume the original price of the washing machine is $100.

- First, the price is increased by 25%. New price = $100 + ($100 * 0.25) = $125.

- Next, the price is decreased by 25% of $125. New price = $125 - ($125 * 0.25) = $93.75.

- Correct Answer: Option 2: 6.25% decrease

- To find the net change: Original price ($100) vs. New price ($93.75).

- Net decrease = $100 - $93.75 = $6.25.

- Percentage decrease = ($6.25 / $100) * 100 = 6.25%.

So, Option 2: 6.25% decrease is correct.