Question

Jim's internet company is planning on raising their prices by 4%. Jim's service currently cost $40, what will the plan cost after the 4% increase?

Answer 1

$41.60

By adding the original $40 to the extra 4% (40×0.04), you get $41.60

Answer 2

£41.60                                                                                                                                                   
40+4%(£1.60)=£41.60