If Adam's income increases 40% from $100 and then increases by another 40%, what is Adam's latest income?
|
Original Income (%) |
New income (%) |
Income ($) |
Before 1 |
100% |
|
$100 |
Change 1 |
+ 40% |
|
|
After 1 |
140% |
100% |
$140 |
Change 2 |
|
+ 40% |
|
After 2 |
|
140% |
$196 |
100% of Adam's original income = $100
1% of Adam's original income = 100 ÷ 100 = $1
100% + 40% = 140%
140% of Adam's original income = 140 x 1 = $140
100% of Adam's new income = $140
1% of Adam's new income = 140 ÷ 100 = $1.40
100% + 40% = 140%
140% of Adam's new income = 140 x 1.40 = $196
Adam's latest income = $196
Answer(s): $196