The price of a commodity increased by 10% in the first year and by 20% in the second year. However, it decreased by 40% in the third year. But it again started rising and increased by 5% in the fourth year. Find the average increase or decrease in the price of the commodity over the period of four years.

Elementary Geometry For College Students, 7e
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ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
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Chapter8: Areas Of Polygons And Circles
Section8.4: Cicumference And Area Of A Cicle
Problem 46E: A tabletop is semicircular when its three congruent drop-leaves are used. By how much has the tables...
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The price of a commodity increased by 10% in the first year and by 20% in the second year. However,
it decreased by 40% in the third year. But it again started rising and increased by 5% in the fourth year.
Find the average increase or decrease in the price of the commodity over the period of four years.
Transcribed Image Text:The price of a commodity increased by 10% in the first year and by 20% in the second year. However, it decreased by 40% in the third year. But it again started rising and increased by 5% in the fourth year. Find the average increase or decrease in the price of the commodity over the period of four years.
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