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A shopkeeper increases the price of a shirt by 20%. If the original price was $5

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Question: A shopkeeper increases the price of a shirt by 20%. If the original price was $50, what is the new price?

Options:

  1. $60
  2. $55
  3. $70
  4. $65

Correct Answer: $60

Solution: 

New Price = Original Price + (20% of Original Price) = 50 + (0.2 * 50) = 50 + 10 = $60.

A shopkeeper increases the price of a shirt by 20%. If the original price was $5

Practice Questions

Q1
A shopkeeper increases the price of a shirt by 20%. If the original price was $50, what is the new price?
  1. $60
  2. $55
  3. $70
  4. $65

Questions & Step-by-Step Solutions

A shopkeeper increases the price of a shirt by 20%. If the original price was $50, what is the new price?
  • Step 1: Identify the original price of the shirt, which is $50.
  • Step 2: Calculate 20% of the original price. To do this, multiply the original price by 0.2 (which is the decimal form of 20%). So, 0.2 * 50 = $10.
  • Step 3: Add the amount calculated in Step 2 to the original price. So, $50 + $10 = $60.
  • Step 4: The new price of the shirt is $60.
  • Percentage Increase – Understanding how to calculate a percentage increase on a given value.
  • Basic Arithmetic – Applying basic addition and multiplication to find the new price.
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