# The price of an item is increased by 20% and then decreased by 20%. The final price as compared to original price Option 1) 5 % moreOption 2) 20% moreOption 3) 20% lessOption 4) 4% lessOption 5) 4% more

Let the original price be $X$
$X\times \left ( \frac{120}{100} \right )\times \left ( \frac{80}{100} \right )$
$\Rightarrow \left ( \frac{96}{100} \right )X$
$\Rightarrow$ 4% less than original price