the price of an article increased by 10%, 15% and 20% is 3 in three consecutive weeks what is the approximate over overall percentage increase for the three weeks
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Answer:
51.8 %
Step-by-step explanation:
the price of an article increased by 10%, 15% and 20% is 3 in three consecutive weeks what is the approximate over overall percentage increase for the three weeks
Let say Initial price of article = 100X
Price increased in 1st week = (10/100) * 100X = 10X
Price after 1 week = 100X + 10X = 110X
Price increased in 2nd week = (15/100) * 110X = 16.5X
Price after 2 week = 110X + 16.5X = 126.5X
Price increased in 3rd week = (20/100) * 126.5X = 25.3X
Price after 3 week = 126.5X + 25.3X = 151.8X
Overall increase = 151.8X - 100X = 51.8X
% increase overall = (51.8X/100X) * 100 = 51.8 %
overall percentage increase for the three weeks = 51.8 %
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Answer:
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