The price of corn rose 20% two years ago and 15% last year. What is the combined persent increase in price?

The price of corn rose 20% two years ago and 15% last year. What is the combined persent increase in price?

A 5%

B 17.5%

C 25%

D 38%

Solution

Correct Answer: Option D

combined persent increase in price=p+q+pq/100

=20+15+(20x15)/100

=38