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    A store decreases the price of a jacket by 30% for a sale and then increases the sale price by 10%. What is the net percentage change in the price of
    Question

    A store decreases the price of a jacket by 30% for a sale and then increases the sale price by 10%. What is the net percentage change in the price of the jacket?

    A.

    23% Decrease 

    B.

    23% Increase 

    C.

    17% Decrease 

    D.

    17% Increase 

    Correct option is A

    Given:

    The initial price of the jacket is 100. The store first decreases the price by 30%, then increases the sale price by 10%.

    Solution:

    Step 1: Price decrease by 30%

    The price after a 30% decrease is calculated as:

    Initial Price = 100

    New price after decrease = 100 - 30% of 100 = 100 - 30 = 70

    Step 2: Price increase by 10% on the reduced price

    Now, the price increases by 10% of 70:

    New price after increase = 70 + 10% of 70 = 70 + 7 = 77

    Net Percentage Change:

    The net percentage change is calculated as:

    Net Percentage Change = ((Final Price - Initial Price) / Initial Price) * 100

    Net Percentage Change = ((77 - 100) / 100) * 100 = (-23 / 100) * 100 = -23%

    Conclusion:

    The net percentage change in the price of the jacket is a decrease of 23%.

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