Question

What single percentage change is equivalent to a 8% increase followed by a 15% increase?

Answer 1

24.2%

Explanation:

If we take 100 for example, an 8% increase would make it 108, and a further 15% increase would make it 124.2 and 124.2 is 124.2% of 100 and if we minus the initial value of 100% it would be 24.2%