SOLUTION: Z first price increase 5% nd decrease 8% what is overall percentage change in price

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Question 1053532: Z first price increase 5% nd decrease 8% what is overall percentage change in price
Answer by jorel555(1290) About Me  (Show Source):
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Let the first price be 100. If it increases by 5%, then it's 105. When it decreases by 8%, it becomes 105(.92)=96.6. Overall, the price decreases 100-96.6=3.4%. ☺☺☺☺