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Increasing the original price of an item by 15 percent and then increasing the new price by another 15 percent is equivalent to increasing the original price by

Increasing the original price of an item by 15 percent and then increasing the new price by another 15 percent is equivalent to increasing the original price by Correct Answer 32.25%

Let the original price be P. Now, the new price after increasing the original price by 15% = 1.15P The final price after increasing the new price by another 15% = 1.15x1.15P = 1.3225P. So, actual increament in the original price = {1.322P - P) / P} x 100 = 32.25% [Shortcut: + 15 + 15 + (15x15)/100  = 32.25%]

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