The cost of a share is decreased by 20%. If the original cost is $120, find the decrease cost.

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18 Oct 2021 share

The cost of a share is decreased by 20%. If the original cost is $120, find the decrease cost.

OPtion

1. 110
2. 100
3. 102
4. 104
5. 98
6. 95
7. 96
8. 108
9. 90
10. None of the above

Solution

Original cost = $120
Decrease in it = 20% of $120 = 20/100 × 120
= 2400/100 = $24
Therefore, decrease cost = $120 - $24 = $96

Correct Option: 7 Best Solution (2)