Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Discover reliable solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

A certain company increased its prices by 30 % during 2003. Then, in 2004, it was
forced to cut back its prices by 20 %. What was the net change in price?


Sagot :

Index:

p=original price

(130/100)=30% increase in price

(80/100)=20% decrease in price

------------------------------------------

2003: (130/100)*p

2004: (130/100)*p*(80/100)

------------------------------------------

Net change in price:


(130/100)*p*(80/100)-p

=p((130/100)*(80/100)-1)

=p*(1/25)
We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.