The price of a TV was increased by 30 percent. The new price was then increased by 20 percent. A single increase of what percent is equivalent to these two successive increases? Choose the correct choice from the following:
A) 50% B) 60% C) 65% D) 56% E) 45%
consider base price - $100   25% increase = 1.30*100= 
<gadget id="calculator">1.30*100</gadget>
<output>130</output>
$130   another 20% increase on new price= 1.2* 130= 
<gadget id="calculator">1.2* 130</gadget>
<output>156</output>
$156   so final price of radio - $156   therefore a 56% increase   correct option - 56%
<result>D</result>
The price of a TV was increased by 30 percent. The new price was then increased by 20 percent. A single increase of what percent is equivalent to these two successive increases?