8
Answer: BSet 1: Percentages (Intermediate)
Explanation
PROBLEM
A price of $90 increases by 25%. What is the new price?
A price of $90 increases by 25%. What is the new price?
A.
122.5
B.✓ Correct
112.5
C.
225
D.
107.5
Detailed Explanation
Choice B is the best answer. Increase = 25% of 90 = 22.5. New price = 90 + 22.5 = $112.5
Why others are wrong:
A: 122.5 is incorrect because it does not satisfy the equation.
C: 225 is incorrect because it does not satisfy the equation.
D: 107.5 is incorrect because it does not satisfy the equation.