An article is bought for ₹300 and its price is increased by 5.5%. The resulting price is then reduced by 8%. Find the final selling price.
₹291.18
Start with the cost ₹300 and apply the 5.5% increase: \(300\times\left(1+\frac{5.5}{100}\right)=300\times1.055=316.5\).
Now reduce this raised price of ₹316.5 by 8%: \(316.5\times\left(1-\frac{8}{100}\right)=316.5\times0.92=291.18\).
So the price after the successive change is ₹291.18.
Hence, the answer is ₹291.18.
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