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Examveda

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%

This Question Belongs to Arithmetic Ability >> Profit And Loss

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