If Adam's income increases 40% from $800 and then increases by another 40%, what is Adam's latest income?
|
Original Income (%) |
New income (%) |
Income ($) |
Before 1 |
100% |
|
$800 |
Change 1 |
+ 40% |
|
|
After 1 |
140% |
100% |
$1120 |
Change 2 |
|
+ 40% |
|
After 2 |
|
140% |
$1568 |
100% of Adam's original income = $800
1% of Adam's original income = 800 ÷ 100 = $8
100% + 40% = 140%
140% of Adam's original income = 140 x 8 = $1120
100% of Adam's new income = $1120
1% of Adam's new income = 1120 ÷ 100 = $11.20
100% + 40% = 140%
140% of Adam's new income = 140 x 11.20 = $1568
Adam's latest income = $1568
Answer(s): $1568