Increasing the original price of an article by 6 percent and then increasing the new price by 6 percent is equivalent to increasing the original price by Choose the correct choice from the following.
A) 12.1%
B) 12.36%
C) 12.94%
D) 13.65%
E) 14.56%
1.06*1.06*x = 1.1236*x   The answer is 12.36%.
<result>B</result>
Increasing the original price of an article by 6 percent and then increasing the new price by 6 percent is equivalent to increasing the original price by