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Common Size Financial Statements

The cost of a...

Question

The cost of a flat increases by $10 %$ in a year and it decreases by $10 %$ in the following year. What will be the percentage increase/decrease in the cost of the flat?

A

No change

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B

1% increase

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C

1% decrease

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D

2% decrease

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Solution

The correct option is C 1% decrease

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