Question
A value is increased by 10% and then further increased by 15%. Determine the overall percentage increase.
Solution
ATQ,
Let the original value be 100n
Final value = 1.10 × 1.15 × 100n = 126.5n
Required percentage = [(126.5n - 100n) ÷ 100n] × 100 = 26.5%
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