10Percent increase then decrease
A jacket's price was increased by 20%, and then the new price was decreased by 20%. The final price was 96 dollars. What was the original price, in dollars?
The original price was $100. A 20% increase then a 20% decrease multiplies the price by 0.80×1.20 = 0.96, not back to 1, so 0.96x = 96 gives x = 100. Check: 100 → 120 → 96 ✓.