due to inflation nominal prices are usually there were to demand increases. After the second increase the price for a certain item was twice as big as the original. By what percent was the first increase, if the second increase was 25%

The first increase was of 60%.

Step-by-step explanation:

The initial value of the product is x.

The first increase was of y.

The second increase is of 25%, that is, 1.25.

The final price was double the original, so 2x.

This situation can be modeled by the following equation:

We want to find y.

Simplifying by x

After the first increase, the value was 1.6 of the original value, that is a increase as a percent of (1.6 - 1)*100 = 60%.

73.0769230769% of the games were won

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