8

Set 4: Percentages (Intermediate)

Explanation

Answer: D

PROBLEM

A price of $60 increases by 20%. What is the new price?

A price of $60 increases by 20%. What is the new price?

A.

82

B.

144

C.

77

D.

72

✓ Correct

Detailed Explanation

Choice D is the best answer. Increase = 20% of 60 = 12. New price = 60 + 12 = $72

Why others are wrong:
A: 82 is incorrect because it does not satisfy the equation.
B: 144 is incorrect because it does not satisfy the equation.
C: 77 is incorrect because it does not satisfy the equation.