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The price of a certain item is increased by 10%, and then the new price is increased by an additional 5%. The current price of the item is what percent of the original price?4 Mark For ReviewA) 115%B) 115.5%C) 117%D) 119.5%

Question

The price of a certain item is increased by 10%, and then the new price is increased by an additional 5%. The current price of the item is what percent of the original price?4 Mark For ReviewA) 115%B) 115.5%C) 117%D) 119.5%

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Solution 1

Let's break this down:

  1. The original price of the item is increased by 10%. If we assume the original price to be 100 (for simplicity), after a 10% increase, the new price would be 110.

  2. This new price is then increased by an additional 5%. To calculate this, we find 5% of 110, which is 5.5.

  3. We then add this 5.5 to the 110 to get the final price. This comes out to be 115.5.

  4. Therefore, the current price of the item is 115.5% of the original price.

So, the answer is B) 115.5%.

This problem has been solved

Solution 2

Let's break this down:

  1. The original price of the item is increased by 10%. If we assume the original price to be 100 (for simplicity), after a 10% increase, the new price would be 110 (100 + 10% of 100).

  2. This new price is then increased by an additional 5%. So, 5% of 110 is 5.5. Adding this to 110 gives us 115.5.

  3. Therefore, the current price of the item is 115.5% of the original price.

So, the answer is B) 115.5%.

This problem has been solved

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