Allied & ICAR Exam Bank • ALLIED_1945 MCQ • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

Due to market inflation, an allowance was reduced by 10%, but following protests it was increased by 10%. The net percentage change compared to the original allowance is:

Options:

  • (A) 1% decrease
  • (B) 1% increase
  • (C) 0% (no change)
  • (D) 2% decrease

Answer Key:

A

Step-by-Step Solution & Explanation

Multiplier $= 0.90 \times 1.10 = 0.99$, which is a 1% decrease.
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