If Adam's income increases 20% from $200 and then increases by another 20%, what is Adam's latest income?
|
Original Income (%) |
New income (%) |
Income ($) |
Before 1 |
100% |
|
$200 |
Change 1 |
+ 20% |
|
|
After 1 |
120% |
100% |
$240 |
Change 2 |
|
+ 20% |
|
After 2 |
|
120% |
$288 |
100% of Adam's original income = $200
1% of Adam's original income = 200 ÷ 100 = $2
100% + 20% = 120%
120% of Adam's original income = 120 x 2 = $240
100% of Adam's new income = $240
1% of Adam's new income = 240 ÷ 100 = $2.40
100% + 20% = 120%
120% of Adam's new income = 120 x 2.40 = $288
Adam's latest income = $288
Answer(s): $288