Answer:
1.0302
Explanation:
The multiplier for a increase of a% is 1 + a/100.
The multiplier for a decrease of b% is 1 - b/100.
2% increase:
1 + (2/100) = 1 + 0.02 = 1.02
1% increase:
1 + (1/100) = 1 + 0.01 = 1.01
What single decimal multiplier would you use to increase by 2% followed by a 1% increase?
1.02*1.01 = 1.0302
The answer is 1.0302