MCQs > Mathematics > Business Mathematics > At the end of season sale, a company decided to hike the price of an automobile by 20%. By what percentage should the company decrease the new price in order to restore the original price?

Business Mathematics MCQs

At the end of season sale, a company decided to hike the price of an automobile by 20%. By what percentage should the company decrease the new price in order to restore the original price?

Answer

Correct Answer: 16.6%

Explanation:

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