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If the price of an item is increased by 10% and then decreased by 10% , the net effect on the price of the item is -

If the price of an item is increased by 10% and then decreased by 10% , the net effect on the price of the item is - Correct Answer a decrease of 1%

Lets say, price is 100 Tk 10% increase, sp = 110 tk 10% decrease, sp = 100 - 10% of 110 = 110 - 11 = 99 ∴ Net decrease 1%

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