+0  
 
0
503
1
avatar

the cost of an item is increased by 5% then the new cost is then increased by 4% what is the total percentage increase

 Feb 28, 2017
 #1
avatar+128087 
0

Call the original price, P

 

After the first increase, the price is 1.05P

 

After the second increase, the new price  is P(1.05) (1.04)  = 1.092P

 

So....the percentage increase is  ( [ 1.092 - 1] x 100 ) %  =  [.092 x 100]%  = 9.2%

 

 

cool cool cool

 Feb 28, 2017

1 Online Users

avatar