SOLUTION: An item costs $32. The price increased by $5, then reduced by $5? What is the percent increase, after increasing the original by $5? What is the percent decreasing the increased

Algebra ->  Finance -> SOLUTION: An item costs $32. The price increased by $5, then reduced by $5? What is the percent increase, after increasing the original by $5? What is the percent decreasing the increased      Log On


   

Question 1167708: An item costs $32. The price increased by $5, then reduced by $5? What is the percent increase, after increasing the original by $5? What is the percent decreasing the increased price by $5? Are they the same?
Answer by josgarithmetic(39618) About Me  (Show Source):
You can put this solution on YOUR website!
You should be able to follow that description and find out the answers yourself.

Just in general, if item costs p and it is made to increase by m and then later decrease by m, these are the percentage changes:

Increase of %28m%2Fp%29100percent_increase; and the new price became p%2Bm.

From new price of p+m, the Decrease is %28m%2F%28p%2Bm%29%29100percent_decrease;
and this price has now returned to p.