SOLUTION: The price of an item is successively increased by 20% then reduced by 20%. By how much as the initial price been diminished?

SOLUTION: The price of an item is successively increased by 20% then reduced by 20%. By how much as the initial price been diminished?

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Question 948310: The price of an item is successively increased by 20% then reduced
by 20%.
By how much as the initial price been diminished?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
Let's start with X.
Increase it by 20%.

Now decrease by 20%.

So the difference from start to finish is,
or 4% reduction.

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