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Question 130
Two successive price increase of 10% and 10% of an article are equivalent to a single price increase of
Solution
Let's say price of article is 100
After first increase its price will be 100(1+ $$\frac{10}{100}$$) = 110
Now second increment will be applied on 110
Hence new price will be 110(1+ $$\frac{10}{100}$$ ) = 121
Which is 21 more than before any increment
Hence total percentage increment = 21
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