Question : What is the single equivalent price increase for two successive price increase of 5% and 8% on an item?
Option 1: 13.4%
Option 2: 12.5%
Option 3: 14.2%
Option 4: 15.5%
Answer (1)
20th Jan, 2024
Correct Answer: 13.4%
Solution :
Equivalent price increase
Equivalent increase = $a + b + \frac{ab}{100}$
Where $a$ and $b$ are increased percentages.
= $8 + 5 + \frac{8×5}{100}$
= 13.4%
Hence, the correct answer is 13.4%.
Comments (0)
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Get Updates Brochure
Thank You!
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Airports Authority Of India Junior Assistant Fire Service Exam
- (AAI JUNIOR ASSISTANT FIRE SERVICE)
Application Date:
30 Dec, 2024
- 28 Jan, 2025
Application Date:
11 Dec, 2024
- 31 Dec, 2024
Application Date:
11 Dec, 2024
- 31 Dec, 2024
Admit Card Date:
23 Dec, 2024
- 5 Jan, 2025
Tier II
Exam Date:
18 Jan, 2025
- 20 Jan, 2025
