In one year, the Amount collected for social welfare, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the amount was 7920, what was it in the beginning ?

Correct Answer: 8000

Let the amount collected be 'A'Then, from the given conditions,A x 110/100 x 90/100 = 7920 A x 0.99 = 7920 A = 7920/0.99=> 8000