Two successive price increase of 10% and 10% of an article are equivalent to a single price increase of:
A. $$26\frac{2}{3}$$
B. 25%
C. 21%
D. $$33\frac{1}{3}$$
Answer: Option C
Solution(By Examveda Team)
100 --- 10%↑ → 110 --- 10%↑ → 121 Equivalent price increase = 21%Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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