The price of a TV was increased by 30 percent. The new price was then increased by 20 percent. A single increase of what percent is equivalent to these two successive increases?
Choose the correct choice from the following options:
A) 50 %  B) 60 %  C) 65 %  D) 56 %  E) 45 %

Rationale: consider base price - $ 100 25 % increase = 1.30 * 100 = $ 130 another 20 % increase on new price = 1.2 * 130 = $ 156 so final price of radio - $ 156 therefore a 56 % increase correct option - d
Answer: D