Complete question :
A pair of designer sneakers was purchased for $120. Since they were purchased, their price has increased by 15%. What is the new price?
Answer:
$138
Explanation:
Given that :
Initial price = $120
Percentage increase in price = 15%
The new price of sneakers:
Initial price + (percentage increase in price * initial price)
New price :
$120 + (15% * $120)
New price :
$120 + (0.15 * $120)
New price of sneakers :
$120 + $18
New price of sneakers = $138