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If the price of a ticket is $15 and it increases by 20% due to inflation, what w

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Question: If the price of a ticket is $15 and it increases by 20% due to inflation, what will be the new price of the ticket?

Options:

  1. $16
  2. $17
  3. $18
  4. $19

Correct Answer: $18

Solution: 

New price = 15 + (20/100 * 15) = 15 + 3 = $18

If the price of a ticket is $15 and it increases by 20% due to inflation, what w

Practice Questions

Q1
If the price of a ticket is $15 and it increases by 20% due to inflation, what will be the new price of the ticket?
  1. $16
  2. $17
  3. $18
  4. $19

Questions & Step-by-Step Solutions

If the price of a ticket is $15 and it increases by 20% due to inflation, what will be the new price of the ticket?
  • Step 1: Identify the original price of the ticket, which is $15.
  • Step 2: Calculate 20% of the original price. To do this, multiply the original price by 20/100.
  • Step 3: Perform the calculation: 20/100 * 15 = 3.
  • Step 4: Add the result from Step 3 to the original price. So, $15 + $3 = $18.
  • Step 5: The new price of the ticket after the increase is $18.
  • Percentage Increase – Understanding how to calculate a percentage increase on a given amount.
  • Basic Arithmetic – Performing addition and multiplication to find the new price.
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