He increases the original price of each tie by 10% to £13.20
A month later he announces a sale: 10% OFF ALL TIES.
“The ties will be back to their original price, because each change was by 10%”
Is he correct?
Tick a box: [ ] Yes [ ] No
Show working to support your answer.
Worked Solution & Mark Scheme (3 marks)
Sale price = £13.20 × 0.90 = £11.88 M1
Since £11.88 ≠ £12.00, Phil is incorrect (tick No). A1