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Old November 20th, 2005, 04:20 PM
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Default Very easy I'm sure! Help!

Bus pass in June went from $63 last year to $65 this year. The percentage increase is 3.17%

December pass will go up from 65 to 71.25. Percentage change is 9.61%.

What is the total % increase? I don't think I can just add 3.17 and 9.61

Thanks a lot
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Old November 20th, 2005, 11:41 PM
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If the price goes up by 3.17% then it has been multiplied by 1 plus 3.17%: that is, by 1.0317. Similarly it next went up by 1 plus 9.61%, that is, 1.0961. (Remember that % means divide by 100). So it went up overall by 1.0317 times 1.0961, which is 1 + x where you can compute x (it will be around 0.13 or thereabouts). The percentage increase is 100x %. You can check from the raw prices: increase is 71.25 - 63, which as a fraction of the original is (71.25-63)/63, then multiply by 100 to get it as a percentage. You should get the same answer in each case.
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