Suppose a certain item increased in price by 17% a total of 5 times and then...
Suppose a certain item increased in price by 17% a total of 5 times and then decreased in price by 9% a total of 3 times. By what overall percent did the price increase?
Homework Answers
Let initial price of item be x
Price after increase and decrease
=1(1.17)^5(1-0.09)^3
=1.6522
Hence, overall increase In price =65.22%
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