A company market share increased by 10% and subsequently decreased by 10%. What's the percentage cha

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12 Jan 2021 Percentage

A company market share increased by 10% and subsequently decreased by 10%. What's the percentage change in company shares?

OPtion

1) 10%
2) 5%
3) 15%
4) 20%
5) 4%
6) 1%
7) 2%
8) 6%
9) 8%
10) None of the above

Solution

first increased by 10% and then decreased by 10%
let company market share be 100
10% = 10/100 = 1/10
so 10% of 100 = 10
new share after increase= 100 + 10 = 110..
now 10% of 110 is 11
so new share after decrease is 110 -11 = 99
1 loss on 100 means 1%

Correct Option: 6 Best Solution (2)