The price (p) of a commodity is first increased by k%; then decreased by k%; again increased by k%; and again decreased by k%. If the new price is q, then what is the relation between p and q?

1
p(104 - k2)2 = q × 108
2
p(104 - k2)= q × 104
3
p(104 - k2) = q × 104
4
p(104 - k2) = q × 108

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