Question
Download Solution PDFTwo successive price increases of 25% and 25% of an article are equivalent to a single price increase of:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Two successive price increases of 25% and 25% of an article.
Formula Used:
For successive percentage increase: (1 + (a)/(100)) × (1 + (b)/(100))
Where a and b are the successive percentage increases.
Calculation:
(1 + (25)/(100)) × (1 + (25)/(100))
⇒ 1.25 × 1.25
⇒ 1.5625
The correct answer is option (4).
Last updated on May 28, 2025
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