A pair of designer sneakers was purchased for $120. Since they were purchased, their price has increased by 15%. What is the new price?

If im doing this right, 120*.15=$18

120+18=$138

$138 is the new price.

-Steel jelly

The correct answer is $138.

Step-by-step explanation:

We must start by analyzing the information they have given us.

We know there is a pair of sneakers that costs $ 120.

But at the time of paying, they add an increase to that price of 15%.

To know the final price of sneakers we must know what is the value of that 15% applied.

And one of the ways to do that calculation is to multiply the value of sneakers by 0.15:

120.0,15 = 18

Now we know that the sneakers have increased $ 18, which we will add to the original price to get the total value of the sneakers:

18 + 120 = 138.

Therefore the correct answer is $ 138.