Set 3: Percentages (Intermediate)

**Choice C is the best answer.** Increase = 20% of 50 = 10. New price = 50 + 10 = 60 dollars

Explanation

Answer: C

PROBLEM

A price of $50 increases by 20%. What is the new price?

120

✓ Correct

Detailed Explanation

Choice C is the best answer. Increase = 20% of 50 = 10. New price = 50 + 10 = $60

Why others are wrong:

A: 120 is incorrect because it does not satisfy the equation.

B: 50 is incorrect because it does not satisfy the equation.

D: 55 is incorrect because it does not satisfy the equation.