In 1969 the price of 5 kilograms of flour was $0.75. In 1970 the price was increased 15 percent. In 1971, the 1970 price was decreased by 5 percent. What was the price of 5 kilograms of flour in 1971?
If the price of 5 Kg of flour in 1969 = $0.75, then
1970 = $0.75 x 1.15 = $0.8625
1971 = ($0.75 x 1.15) x .95
= $0.82?
1 answer
correct
1 answer