The price of an article increased successively over three consecutive weeks. It increased by 10% in the first week, 20% in the second week and 25% in the third week. Find the effective percentage increase in its price after three weeks.
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Solution
Prince after first week =x+10% of x=1.1x
Original Price =x
Price after 2 weeks =1.1x+20% of 1.1x=1.32x
Price after 3 weeks =1.32x+30% of 1.32x=1.716x
So, Total Percentage increase =(1.716+−xx)×100=71.6%