The price of an article increased by 5% from 1995 to 1996, 8% from 1996 to 1997 and 77% from 1997 to 1998, then the average increase in price from 1995 to 1998 is-

Question

CIVILSHUB IAS · Accepted Answer

30%. Average increase% = ($\frac{5 + 8 + 77}{3}$)% = 30%

The price of an article increased by 5% from 1995 to 1996, 8% from 1996 to 1997 and 77% from 1997 to 1998, then the average increase in price from 1995 to 1998 is-

Explanation