SOLUTION: the price of an item was reduce by 10 % and then later was increased by 10% which is greater , the original price or the new price ??

Algebra ->  Numeric Fractions Calculators, Lesson and Practice -> SOLUTION: the price of an item was reduce by 10 % and then later was increased by 10% which is greater , the original price or the new price ??       Log On


   

Question 885327: the price of an item was reduce by 10 % and then later was increased by 10% which is greater , the original price or the new price ??







Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
Start at 100%

Reduce by 10%: 100% - 10% = 90%

Now increase that by 10% (note: 10% of 90% = 0.1*0.9 = 0.09 = 9%)

90% + 9% = 99%


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We've gone from 100% to 99%

Therefore, the original price is greater.