Free Practice Question
PS · Problem Solving
705-805
percent
On day 1, a shopkeeper increases the price of an item by k%, and on day 2, he decreases the increased price by k%. By the end of the day 2, the price of the item drops by $1. On day 3, he again increases the decreased price by k%, and on day 4, he again decreases the increased price by k%. If, at the end of day 4, the price of the item comes to $398, what was the approximate initial price of the item?
Answer Choices
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$325
B
$350
C
$375
D
$400
E
$450
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Difficulty
705-805
Type
PS
Category