Question

The wholesale price for a chair is $186. A certain furniture store marks up the wholesale price by 39%. Find the price of the chair in the furniture store.Round your answer to the nearest cent, as necessary.

Answer 1

Answer:

The price of the chair = $252.96

Explanation:

The wholesale price for the chair = $186

Markup = 36% of $186

Markup = (36/100) x $186

Markup = $66.96

The price of the chalir = The wholesale price + Markup

The price of the chair = $186 + $66.96

The price of the chair = $252.96