document.write( "Question 770133: A price went up 30% one year, and this new price went up 40% the next year. What was the combined percent increase? \n" ); document.write( "
Algebra.Com's Answer #469302 by ramkikk66(644)\"\" \"About 
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document.write( "Let the initial price be x\r\n" );
document.write( "At the end of year 1 it is x + 0.3*x (since it went UP by 30% or 0.3 times)\r\n" );
document.write( "= 1.3*x\r\n" );
document.write( "At the end of year 2, it is 40% of the value at year1 i.e. the new price is\r\n" );
document.write( "1.3*x + (0.4*1.3*x) = 1.3*x*1.4 = 1.82*x\r\n" );
document.write( "Since the price has gone up from x to 1.82*x,\r\n" );
document.write( "the combined percent increase = 0.82 or 82%\r\n" );
document.write( "Hope you got it :)\r\n" );
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