Question

The price of an article is first increased by 15% and later again by 10%. Find the net percent increase in the price.

Answer 1

Answer:3.5 %

Step-by-step explanation:

Answer 2

Answer:

The net percent increase in the price is 26.5 %

Step-by-step explanation:

Let the original price of article be 100

According to question,

Price is firstly increased by 15%

That is,

100 + 15% of 100

= 100 + ( (15/100)×100 )

= 100 + 15 = 115

Now further it is given that,

Later again price is increased by 10%

= 115 + (10/100×115)

= 115 + 11.5

= 126.5

Now net increase in price = Final Price - Initial price

= 126.5 - 100

= 26.5

Therefore,

Net percentage increase in price = 26. 5 %

Hence,

The net percent increase in the price is 26.5 %