Answer: 83.333%
Explanation:
Let P be the original price, If the price is incresed by 20% the total price becomes 120% of P.
This is also 1.20P
Percentage Reduction = (Original Price / New Price) * 100
Percent Reduction=(P÷1.20P)*100
2 of the P's in the equation cancel out so the equation becomes
Percent Reduction=(1÷1.20)*100
After Calculating The Percent reduction to Go back the the original price is 83.333%