Increasing the original price of an item by 15 percent and then increasing the new price by another 15 percent is equivalent to increasing the original price by
Created: 6 years ago |
Updated: 2 years ago
best des
Let the original price be P.
Now, the new price after increasing the original price by 15% = 1.15P
The final price after increasing the new price by another 15% = 1.15x1.15P = 1.3225P.
So, actual increament in the original price = {1.322P - P) / P} x 100 = 32.25%
[Shortcut: + 15 + 15 + (15x15)/100 = 32.25%]
Md Azizur Rahman
Founder of Satt
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