If Adam's income increases 20% from $700 and then increases by another 20%, what is Adam's latest income?
|
Original Income (%) |
New income (%) |
Income ($) |
Before 1 |
100% |
|
$700 |
Change 1 |
+ 20% |
|
|
After 1 |
120% |
100% |
$840 |
Change 2 |
|
+ 20% |
|
After 2 |
|
120% |
$1008 |
100% of Adam's original income = $700
1% of Adam's original income = 700 ÷ 100 = $7
100% + 20% = 120%
120% of Adam's original income = 120 x 7 = $840
100% of Adam's new income = $840
1% of Adam's new income = 840 ÷ 100 = $8.40
100% + 20% = 120%
120% of Adam's new income = 120 x 8.40 = $1008
Adam's latest income = $1008
Answer(s): $1008