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1.
The price of corn rose 20% two years ago and 15% last year . what is the combined percent increase in price ?
- A. 5%
- B. 5%
- C. 5%
- D. 5%
Answer: Option E
Explanation:
Combined Percent = p + q + pq/100
= 20 + 15 + ( 20 × 15/100) = 38%
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