Increasing the original price of an article by 15 percent and then increasing the new price by 15 percent is equivalent to increasing the original price by --
A
32.25%
B
31.00%
C
30.25%
D
30.00%
Correct Answer: 32.25%
Initial Price = 100 tk 15% increase = 115 tk Again 15% increase on new price = 115 + (115∗15/100) = 115 + 117.25 = 132.25 tk Percentage Increase = 132.25 - 100 = 32.25 ans: 32.25%