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The price of an article is decreased by ...

The price of an article is decreased by `10%`. To restore it to its former value, the new price must be increased by :

A

`9(1)/(11)%`

B

`10%`

C

`11%`

D

`11(1)/(9)%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to determine how much the new price of the article must be increased to restore it to its original price after a 10% decrease. ### Step-by-Step Solution: 1. **Let the original price of the article be \( P \)**. - This is the price before any decrease. 2. **Calculate the new price after a 10% decrease**: - A decrease of 10% means the new price is \( P - 0.10P = 0.90P \). - Therefore, the new price is \( 0.90P \). 3. **Determine the amount needed to restore the new price to the original price**: - To find the increase needed, we need to restore \( 0.90P \) back to \( P \). - The difference between the original price and the new price is: \[ P - 0.90P = 0.10P \] - This means we need to increase the new price by \( 0.10P \). 4. **Calculate the percentage increase required**: - The percentage increase is calculated based on the new price \( 0.90P \): \[ \text{Percentage Increase} = \left(\frac{\text{Increase}}{\text{New Price}}\right) \times 100 = \left(\frac{0.10P}{0.90P}\right) \times 100 \] - Simplifying this gives: \[ \text{Percentage Increase} = \left(\frac{0.10}{0.90}\right) \times 100 = \frac{10}{90} \times 100 = \frac{1000}{90} \approx 11.11\% \] ### Final Answer: To restore the price of the article to its former value, the new price must be increased by approximately **11.11%**. ---
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