It is not. So the question is misguided.
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20
20 percent of 1000 = 200 20% of 1000 = 20% * 1000 = 20%/100% * 1000 = 200
First we need to figure out what 2% of 1000 is. To write percent in decimal form, it becomes .02. (Just like 2 cents become .02 dollars). .02 * 1000 = 20. So 2% of 1000 is 20. We are starting with 1000, and increasing it by 2%, so 1000 + 20 = 1020.
20% of 1000 is 200
The answer is 38.5% also I have soiled myself.