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Two successive price increases of 10% and 10% of an article are equivalent to a single price increase of    (SSC CGL 2nd Sit. 2010)
  • a)
    19%
  • b)
    20%
  • c)
    21%
  • d)
    22%
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Two successive price increases of 10% and 10% of an article are equiva...
Explanation:
First Price Increase:
- Let the initial price of the article be $100.
- After the first 10% increase, the price becomes $100 + $10 = $110.
Second Price Increase:
- After the second 10% increase, the price becomes $110 + $11 = $121.
Single Equivalent Increase:
- Let x be the single equivalent increase.
- Using the formula for successive percentage increase, we have:
$100 + $100 * x% = $121
$100 * (1 + x/100) = $121
1 + x/100 = 1.21
x/100 = 0.21
x = 21%
Therefore, two successive price increases of 10% and 10% are equivalent to a single price increase of 21%. So, the correct answer is option C.
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Community Answer
Two successive price increases of 10% and 10% of an article are equiva...
Single equivalent percentage increase in price
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Two successive price increases of 10% and 10% of an article are equivalent to a single price increase of (SSC CGL 2nd Sit. 2010)a)19%b)20%c)21%d)22%Correct answer is option 'C'. Can you explain this answer?
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