If price increases by 16(2/3)% then in fractions it should be represented as ((16*3)+2)/3 => 50/3 increase.

As a result the fraction increase would be 1+50/3 => 53/3.

But in the solution I see 16*2/3 => 1/6 => as a result the increase is 1+1/6 = 7/6. Which by the way is correct.

But, I can't figure out how they got 1/6 out of 16(2/3).

Be careful it's not (16*2)/3 But a mixed fraction 16 and Two-Third.

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