A screw driver and a hammer currently have the same price. If the price of a screw driver rises by 5% and the price of hammer goes up by 3%, then how much more will it cost to buy 3 screw drivers and 3 hammers?
Let the original price of a screw driver and a hammer be ₹100 each.
Then, price of 3 screw drivers and 3 hammers = ₹600
Now, after increase of 5%, the price of 3 screw drivers = ₹315
And after 3% increase the price of 3 hammers = ₹309
Increased price of 3 hammers and 3 screw drivers = ₹624
Therefore, % increase in price
=