SK BELLARE
SK BELLARE
8 years ago

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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