Answer:
$138.
Step-by-step explanation:
We have been given that a pair of designer sneakers was purchased for $120 since they were purchased their price has increased by 15%.
The new price of sneakers will be 120 plus 15% of 120.
[tex]\text{The new price of sneakers}=120+(\frac{15}{100}\times 120)[/tex]
[tex]\text{The new price of sneakers}=120+(0.15\times 120)[/tex]
[tex]\text{The new price of sneakers}=120+18[/tex]
[tex]\text{The new price of sneakers}=138[/tex]
Therefore, the new price of sneakers will be $138.
The new price of sneakers is the sum of the increase in the purchase price and the initial price. Hence, the new price is $138
The new price of the sneakers can be calculated thus :
Price increase = 0.15 × $120 = $18
The new price of sneakers = $120 + $18 = $138
Therefore, the new price of sneakers is $138.
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