Answer:
The first increase was of 60%.
Step-by-step explanation:
The initial value of the product is x.
The first increase was of y.
The second increase is of 25%, that is, 1.25.
The final price was double the original, so 2x.
This situation can be modeled by the following equation:
We want to find y.
Simplifying by x
After the first increase, the value was 1.6 of the original value, that is a increase as a percent of (1.6 - 1)*100 = 60%.
