Question

Increasing the original price of an article by 15 percent and then increasing the new price by 15 percent is equivalent to increasing the original price by​

Answer 1

Answer:

You can do this by approximation, or with straight math by calculating 100*1.15^2.

Or step by step: if you increase 100 by 15% you'll get 115, then if you increase 115=100+15 by 15% again, 100 will gain 15 again and 15 will gain its 15% which is 2.25, so total gain is 15+2.25=17.25 --> 115+17.25=132.25.

Answer 2

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