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Two successive price increase of 10% and 10% of an article are equivalent to a single price increase of:

a) $$26\frac{2}{3}$$
b) 25%
c) 21%
d) $$33\frac{1}{3}$$

Answer: c
Explanation: 100 — 10%↑ → 110 — 10%↑ → 121
Equivalent price increase = 21%

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