The new price of the hockey stick based on the information is $109.25.
From the information, the hockey stick that Erik wants to purchase is $95.00. He knows the price will increase by 15% by the end of next month.
Therefore, the new price will be:
= $95 + (15% × $95)
= $95 + (0.15 × $95)
= $95 + $14.25
= $109.25
Therefore, the new price of the hockey stick is $109.25.
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The hockey stick that Erik wants to purchase is $95.00. He knows the price will increase by 15% by the end of next month. Erik needs to calculate the new price of the hockey stick. What will the new price be?