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The price of a motorcycle was $750 last year. The price increased by 20% this year. What is the price of the motorcycle this year?
Question

The price of a motorcycle was $750 last year. The price increased by 20% this year. What is the price of the motorcycle this year?

A.

$750

B.

$900

C.

$600

D.

$790

Correct option is B

Given:
Price of a motorcycle last year= $750
Increase in percentage = 20%
Formula Used:
Increment = Original Price + Increase100×OriginalPrice\frac{Increase}{100} \times Original Price​​
Solution:
= $750 + 20100×$750\frac{20}{100} \times \$750​​
= $750 + $150
= $900

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