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The price of an item changed from Tk. 120 to Tk. 100. Later, the price decreased again from Tk. 100 to Tk. 80 and finally the price decreased from Tk. 80 to Tk. 60. What oif the three decreases was larger in percentage term?

The price of an item changed from Tk. 120 to Tk. 100. Later, the price decreased again from Tk. 100 to Tk. 80 and finally the price decreased from Tk. 80 to Tk. 60. What oif the three decreases was larger in percentage term? Correct Answer 3rd decrease

1st decrease = (120 - 100)/120×100% = 16.67% 2nd decrease = (100 - 80)/100×100% = 20% 3rd decrease = (80 - 60)/80×100% = 25% So, 3rd decrease was the largest.  

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