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olya-2409 [2.1K]
3 years ago
14

The price of a certain property increased by 10% in the first year, decreased by 20% in the second year, and increased by 25% in

the third year. What was the amount of the dollar decrease in the property price during the second year
Business
1 answer:
Fynjy0 [20]3 years ago
3 0

Answer:

Let suppose the value of property is 100 dollars currently.

The price of a certain property increased by 10% in the first year, means the value of property at this point is (100 *1.1) 110 dollars.

In the second year the value of property decreases by 20% mean the value of property at this point is (110*0.80) 88 dollars, that is 80% of previous value determine.

In the third year the value of property increases by 25% mean the value of property at this point is (88*1.25) 110 dollars that is 25% more than previous value determine.

So in second year the value in dollars is 88 dollars.

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