Answer:
$8.80
Explanation:
In order to find the new price, you need to add 60% of the original price (5.50) to the original price. You have two options:
1) multiply $5.50*0.6 to get 60% of the original price. You would get $3.30. Then add $3.30+$5.50, which equals $8.80. This way takes longer but shows you all the steps.
2) The shorter way is to simply multiply $5.50*1.6, which also equals $8.80. This works because the "1" automatically adds the 5.50 to 60% of the original price, this way you don't have to multiply then add.
If you don't understand how the second way works or your teacher taught you #1, just do it the first way.