Question: A number is increased by 20% and then decreased by 20%. What is the net change in the number?
Options:
Correct Answer: 4%
Solution:
Let the original number be 100. After a 20% increase, it becomes 120. After a 20% decrease, it becomes 120 - 24 = 96. The net change is (96 - 100)/100 * 100% = -4%.