If Adam's income increases 10% from $800 and then increases by another 10%, what is Adam's latest income?
|
Original Income (%) |
New income (%) |
Income ($) |
Before 1 |
100% |
|
$800 |
Change 1 |
+ 10% |
|
|
After 1 |
110% |
100% |
$880 |
Change 2 |
|
+ 10% |
|
After 2 |
|
110% |
$968 |
100% of Adam's original income = $800
1% of Adam's original income = 800 ÷ 100 = $8
100% + 10% = 110%
110% of Adam's original income = 110 x 8 = $880
100% of Adam's new income = $880
1% of Adam's new income = 880 ÷ 100 = $8.80
100% + 10% = 110%
110% of Adam's new income = 110 x 8.80 = $968
Adam's latest income = $968
Answer(s): $968