The output of a factory was increased by 10% to keep up with rising demand. To handle the holiday rush, this new output was increased by 20%. By approximately what percent would the output now have to be decreased in order to restore the original output?
Answers:
A) 20 %
B) 24 %
C) 30 %
D) 32 %
E) 79 %

Rationale: "let initial output is o then after 10 % increase it will be 1.1 o and after 20 % increase on this new output the latest output will be 1.1 o * 1.20 = 1.32 o now we have to decrease the output by some percentage so that the new output is same as the starting output ( o ) so , 1.32 o * ( 1 - x / 100 ) = o = > x = 24.24 % so , answer will be b"
Answer: B