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20 percent increase on 500 = 600
20% increased on 500
=500 + (20% * 500)
=500 + (0.20 * 500)
=500 + 100
= 600
=25.38 + (1.5% * 25.38)
=25.38 + (0.15 * 25.38)
=25.38 + 3.81
= 29.19
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