Question 1
A value increases by 36% and then increases by 40%. What is the net percentage change?
Step 1: increase by 36% → multiply by 1.3599999999999999
Step 2: increase by 40% → multiply by 1.4
Net change = 90.4%
Step 2: increase by 40% → multiply by 1.4
Net change = 90.4%