Question

A pair of designer sneakers was purchased for $140. Their Price has increased by 17% . What is the new price?​

Answer 1

$163.8

Explanation:

initial price(P) = $140

increased rate(R%)= 17%

New price(N)= ?

Then,

N =P + P × R%

= 140 + 140 × 17/100

= 163.8

Answer 2

$163.80

Explanation:

100% --- $140

100% + 17% ---
`(100+17)/(100)` × $140 = $163.80