Question

Suppose the price of a $185 item increases by 11.7%. By what percent does the resulting price have to decrease in order for the final price (after the two changes) to be back to the original price of $185?

Answer 1

(185 * 1.117) * ? = 185 ... ? = 1 / 1.117 = 0.895 = 1 - .105

10.5% decrease