Percentage Practice Test 5 with solutions

Question : 17 of 40

Marks: +1, -0

Two successive price increase of 20% and 20% of an article are equivalent to a single price increase of which of the following:

Solution:

Let x = 15% y = 15%
Then, the equivalent price increase

=x+y+{xy}/100

=20+20+{20×20}/100

= 40 + 4 = 44%

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