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Answer: CSet 1: Percentages (Intermediate)
Explanation
PROBLEM
A price of $120 decreases by 10%. What is the new price?
A price of $120 decreases by 10%. What is the new price?
A.
98
B.
118
C.✓ Correct
108
D.
113
Detailed Explanation
Choice C is the best answer. Decrease = 10% of 120 = 12. New price = 120 - 12 = $108
Why others are wrong:
A: 98 is incorrect because it does not satisfy the equation.
B: 118 is incorrect because it does not satisfy the equation.
D: 113 is incorrect because it does not satisfy the equation.