Question
Download Solution PDFIf the price of a product is first increased by 15% and then decreased by 20%, then what is the percent change in the price?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven Data:
Initial increase: 15%
Later decrease: 20%
Concept:
Calculation of successive percentage changes.
Calculation:
Let the initial price be 100.
After increase of 15%, price becomes 115.
After decrease of 20%, price becomes 0.8 × 115 = 92.
Therefore, the percent change in the price is a decrease of 8%.
Last updated on May 28, 2025
-> The SSC has released the SSC CHSL exam calendar for various exams including CHSL 2025 Recruitment. As per the calendar, SSC CHSL Application process will be active from 23rd June 2025 to 18th July 2025.
-> The Exam Date for the SSC CHSL 2025 will be from 8th September 2025 to 18th September, 2025.
-> The SSC CHSL is conducted to recruit candidates for various posts such as Postal Assistant, Lower Divisional Clerks, Court Clerk, Sorting Assistants, Data Entry Operators, etc. under the Central Government.
-> The SSC CHSL Selection Process consists of a Computer Based Exam (Tier I & Tier II).
-> To enhance your preparation for the exam, practice important questions from SSC CHSL Previous Year Papers. Also, attempt SSC CHSL Mock Test.