Due to inflation, prices increased by 45% and then dropped by 20%. By what percent did prices increase overall?
Answers
Only authorized users can leave an answer!
Can't find the answer?
If you are not satisfied with the answer or you can’t find one, then try to use the search above or find similar answers below.
Find similar answers
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%.