8
Answer: CSet 2: Percentages (Intermediate)
Explanation
PROBLEM
A price of $120 increases by 20%. What is the new price?
A price of $120 increases by 20%. What is the new price?
A.
149
B.
134
C.✓ Correct
144
D.
154
Detailed Explanation
Choice C is the best answer. Increase = 20% of 120 = 24. New price = 120 + 24 = $144
Why others are wrong:
A: 149 is incorrect because it does not satisfy the equation.
B: 134 is incorrect because it does not satisfy the equation.
D: 154 is incorrect because it does not satisfy the equation.