Suppose a certain item increased in price by 19% a total of 4 times and then decreased in price by 8% a total of 2 times. By what overall percent did the price increase? Round your answer to the nearest percent.
Added by Robert R.
Step 1
Let the original price be \( P \). After the first 19% increase: \[ P \times 1.19 \] After the second 19% increase: \[ P \times 1.19 \times 1.19 = P \times (1.19)^2 \] After the third 19% increase: \[ P \times (1.19)^2 \times 1.19 = P \times (1.19)^3 \] After Show more…
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