a pair of designer sneakers was purchased for $120. since they were purchased, their price has increased by…

a pair of designer sneakers was purchased for $120. since they were purchased, their price has increased by 15%. what is the new price?
Answer
Explanation:
Step1: Calculate the increase amount
$120\times 15%=120\times0.15 = 18$
Step2: Calculate the new price
$120 + 18=138$
Answer:
$138$