The selling price of a bicycle that had sold for $220 last year was increased by 15%. What is the new price?
Please answer within 5-10 minutes.
$220 * 1.15 = ?
To find the new price of the bicycle, we need to add 15% of the selling price last year to the original price.
Step 1: Calculate 15% of $220.
To find 15% of a number, we can multiply the number by 0.15.
15% of $220 = $220 * 0.15 = $33
Step 2: Add the calculated value to the original price.
New price = $220 + $33 = $253
Therefore, the new price of the bicycle is $253.