SOLUTION: The price of fruit increased 20% in July, and then 30% in August. What was the total % increase?

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Question 888000: The price of fruit increased 20% in July, and then 30% in August. What was the total % increase?
Answer by dkppathak(439) About Me  (Show Source):
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The price of fruit increased 20% in July, and then 30% in August. What was the total % increase?
Let initial price is Rs X per KG
july rate increased 20% than new price is 1.2 X
again price increased 30%in august new price =1.2X multiplied by 1.3
= 1.56 x
increased value =1.56X-X =.56x
increased price will be 56 %
answer 56%