Question

a company increases the price of refrigerators by 20% and 6 months later increases the prices again by 20% if the total increase had been made all at once to what percentage would it have been equivalent
Please answer in proper step I don't need direct answers

Answer 1

Answer:

44%

Step-by-step explanation:

Let the original price be 100.

According to the given condition,

Percentage increase = 120% of (120% of rs.100)

                                   = (120/100) * (120/100) * 100

                                   = 14400/100

                                   = 144.

Increase = 44%.

Hope it helps!

Answer 2

Answer:

44%

Step-by-step explanation:

Original Price =100

Accordingly to the Condition =120%

~120/100 × 100

14400/100 = 44