What is the new price of a $120 bike after a 12% increase?

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Multiple Choice

What is the new price of a $120 bike after a 12% increase?

Explanation:
A percentage increase is found by multiplying the original price by 1 plus the increase rate. With a 12% increase, multiply by 1.12. So, 120 × 1.12 = 134.40, giving a new price of $134.40. You can check by calculating 12% of 120 (which is 14.40) and adding it to 120, totaling 134.40. The $140 amount would require a larger increase, not 12%.

A percentage increase is found by multiplying the original price by 1 plus the increase rate. With a 12% increase, multiply by 1.12. So, 120 × 1.12 = 134.40, giving a new price of $134.40. You can check by calculating 12% of 120 (which is 14.40) and adding it to 120, totaling 134.40. The $140 amount would require a larger increase, not 12%.

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