The original price of a car was $25,200. Because the car owner thought he could get more money for the car, he increased the price of the car to 110% of its original price. After a week, the car had not sold, so the owner then discounted the price by 10%, and the car was finally sold. What price was the car sold for?
- $25,200
- $25,000
- $24,948
- $24,542
- $23,658
Answer(s): C
Explanation:
Pay attention, when you raise a number by X% and than you reduce X% you don’t get the original number again because the second time you took X% off you reduced it from a larger number thus answer A is not the correct one,
Let’s check:
25,200 x 1.1 = 27,720.
27,720 x 0.9 = 24,948 and not 25,200. The correct answer is C.