8
Answer: BSet 3: Percentages (Intermediate)
Explanation
PROBLEM
A price of $130 increases by 20%. What is the new price?
A price of $130 increases by 20%. What is the new price?
A.
161
B.✓ Correct
156
C.
146
D.
151
Detailed Explanation
Choice B is the best answer. Increase = 20% of 130 = 26. New price = 130 + 26 = $156
Why others are wrong:
A: 161 is incorrect because it does not satisfy the equation.
C: 146 is incorrect because it does not satisfy the equation.
D: 151 is incorrect because it does not satisfy the equation.