The price of a chair is decreased by 10% in a sale. After the closure of the sale, by what percent the new price must be increased to restore it to the former price?
A. 9.0909%
B. 10%
C. 11%
D. 11.11%
Answer: Option D
Solution(By Examveda Team)
Let the price of the Chair was 100.100 ==10% decreased ==90==X% increased ==> 100.
In first transaction, price was decreased by 10% so in next transaction let X% has to be increased.
Increment = 100 - 90 = 10.
%increment = (10* 100)/90 = 11.11%.
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