Due to inflation, prices increased by 45% and then dropped by 20%. By what percent did prices increase overall?
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Answered by alicienweart
45 - 20 = 25. Or is there choices?
Answered by agaue
let the initial price be $100.Increase in price due to inflation = 45%Increased price = 45% of 100=45Price after increase = 100+45 =$145After the increase in price there is a drop in price .Drop in price due to inflation = 20%Drop in price = 20% of 145=29New price = 145-29=116Total increase in price = 116-100=16Overall there was an increase of 16%.