GB-14-05-001 · Successive percentage changes
A price is reduced by 15% and then by a further 36%. Lee says the overall reduction is 51%. Is Lee correct? Show calculations to support your answer.
Successive Percentage Changes
Booklet p. 52
Method
1) Find each decimal multiplier ((100 − %)/
1
0
0)
2) Multiply the multipliers together to find the combined multiplier
3) Subtract from 1
Worked Example (GB-14-05-001)
1) Combined multiplier = 0.85 × 0.64.
2) 45.60% reduction.
3) No, the second reduction is a percentage of the reduced price.
No. The reduction is 45.60%.