If Adam's income increases 40% from $700 and then increases by another 40%, what is Adam's latest income?
|
Original Income (%) |
New income (%) |
Income ($) |
Before 1 |
100% |
|
$700 |
Change 1 |
+ 40% |
|
|
After 1 |
140% |
100% |
$980 |
Change 2 |
|
+ 40% |
|
After 2 |
|
140% |
$1372 |
100% of Adam's original income = $700
1% of Adam's original income = 700 ÷ 100 = $7
100% + 40% = 140%
140% of Adam's original income = 140 x 7 = $980
100% of Adam's new income = $980
1% of Adam's new income = 980 ÷ 100 = $9.80
100% + 40% = 140%
140% of Adam's new income = 140 x 9.80 = $1372
Adam's latest income = $1372
Answer(s): $1372