Successive percentagesmediumFree question
Successive percentages Numerical Reasoning Question
A £380 item rises 20%, then a further 10% on the new price. What is the final price?
A£410.00
B£494.00
C£456.00
D£418.00
E£501.60
Worked solution
Successive percentages multiply: apply each factor in turn (e.g. ×1.10 then ×1.20). They never simply add. The correct answer is £501.60. Traps to avoid: £410.00 comes from the "added raw" error; £494.00 comes from the "additive percents" error; £456.00 comes from the "one step only" error; £418.00 comes from the "other step only" error.
Try similar numerical reasoning questions
After a 12% increase, a price is £196.00. What was the original price?Reverse percentageAfter a 15% increase, a price is £132.25. What was the original price?Reverse percentageA price including 20% VAT is £192.00. What is the price excluding VAT?VATA £105 item is reduced 15%, then a further 25% off the new price. What is the final price?Discount & markup chain