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GRE
GRE Quantitative Reasoning Section

Price Fluctuation Calculation

Very Hard Arithmetic Fractions, Decimals, And Percents

A certain company increases its prices every year according to the following scheme:

In the first year, the price is increased by 15%. In the second year, the increased price is further raised by 10% of the new price. In the third year, the price has a decrease of 20% relative to the price at the end of the second year.

If the original price of a product is $200, what is the final price of the product at the end of three years?

Hint

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