7
Answer: CSet 1: Percentages (Intermediate)
Explanation
PROBLEM
A price of $110 increases by 10%. What is the new price?
A price of $110 increases by 10%. What is the new price?
A.
116
B.
126
C.✓ Correct
121
D.
242
Detailed Explanation
Choice C is the best answer. Increase = 10% of 110 = 11. New price = 110 + 11 = $121
Why others are wrong:
A: 116 is incorrect because it does not satisfy the equation.
B: 126 is incorrect because it does not satisfy the equation.
D: 242 is incorrect because it does not satisfy the equation.