What is the difference between Increase $5000 by 20% and Decrease $5000 by 20%

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asked May 25, 2018 164k views

1 Answer

Stevemac · Answer 1 · 2018-05-30T01:58:22+0000

20% of $5000 = (20/100) x $5000 = $1000

This means 20% increase = $5000 + $1000 = $6000
This means 20% decrease = $5000 - $1000 = $4000

Difference between these = $6000 - $4000 = $2000

What is the difference between Increase $5000 by 20% and Decrease $5000 by 20%

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