Question

The price of a laptop was first increased by 10% and then the new price was decreased by 20%. The final price was what percent of the initial price.

Answer 1

88%

Explanation:

to initial price (100%) was increased by 10% (resulting in 110% of the initial price).

then these 110% were decreased by 20%.

so, the final price is actually 80% of 110% of the initial price

20/100 = 1/5

80/100 = 4/5

so, the customer pays only 4/5 of the 110% price.

110 × 4/5 = 22 × 4 = 88%

so, the final price was 88% of the initial price