The price of a Bluetooth speaker was $120. During the first week of January, its price rose by 20%, and then a week after it rose again by another $24. What is the total percentage increase in price for this speaker? 50% 40% 35% 45% 25%
Question
The price of a Bluetooth speaker was 24. What is the total percentage increase in price for this speaker? 50% 40% 35% 45% 25%
Solution
Step 1: Calculate the price increase for the first week. A 20% increase on 24. So, the new price after the first week is 24 = $144.
Step 2: In the second week, the price rose by another 144 + 168.
Step 3: To find the total percentage increase, subtract the original price from the final price, divide by the original price, and then multiply by 100.
So, the total percentage increase is ((120) / $120) * 100 = 40%.
Therefore, the total percentage increase in price for this speaker is 40%.
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