Due to inflation, the price of an item increased by 45% and then dropped by 20%. by what percent did the price increase?

Answer:

Percentage of increase = 16%

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Step-by-step explanation:

Let the price of an item ⇒ x

When the price of the item increased by 45%, the price will be ⇒ 1.45 x

Then dropped by 20%

So, the final price will be ⇒ (1 - 0.2) * 1.45x = 0.8 * 1.45 x = 1.16 x

By comparing between the original price and the final price

The difference = 1.16 x - x = 0.16x

Percentage of increase = %

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step-by-step explanation: