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due to inflation, the price of an item increased by 45% and then dropped by 20%. by what percent did the price increase? it is 16%, i just need to know how to get it. you, just show your work

yes it is 16%

Step-by-step explanation:

Let the price be $100 then new price will be = $100+$45= $145

45/100*100= $45

A 20% decrease means 20% 0f $145

20/100 * 145= $29

the new price after 20% decrease will be $ 145- $ 29= $ 116

$116-$100= $16

$16/100*100= 16%

yes it is 16%

is there answer choices?