The price of an article is increased by $10\%$ and then again by $10\%$. The overall increase is:
Practice this question from Chapter Mock 3: Percentage, with options and an explanation.
Question
The price of an article is increased by $10\%$ and then again by $10\%$. The overall increase is:
Option A
20%
Option B — Correct answer
21%
Correct choice.
Option C
22%
Option D
19%
Explanation
Successive increase multiplier $=1.1\times1.1=1.21$, so the total increase is $21\%$.