Below is an instruction that describes a task. Write a response that appropriately completes the request in English. Please answer in English.

### Instruction:
The selling price of a bicycle that had sold for $220 last year was increased by 15%. What is the new price?

### Response:
The cost of the bicycle increased by $220 x 15/100 = $<<220*15/100=33>>33.
Adding the increment price, the new price is $220 + $33 = $<<220+33=253>>253.
#### 253