Explanation:
The multiplier method involves multiplying the original value by a factor that represents the percentage increase.
To increase £88 by 14%, we can follow these steps:
Convert the percentage increase to a multiplier by adding 1 to the percentage as a decimal.
14% = 0.14
Multiplier = 1 + 0.14 = 1.14
Multiply the original value by the multiplier.
New value = £88 x 1.14
= £100.32
Therefore, to increase £88 by 14% using the multiplier method, we need to multiply £88 by 1.14, resulting in a new value of £100.32.