A furniture store buys leather sofas from a manufacturer for $200 each and marks up the price 65%. Which expression represents the retail price?

Question

asked May 11, 2020 82.3k views

1 Answer

Rootsmith · Answer 1 · 2020-05-18T12:54:20+0000

Answer: The retail price of the leather sofas is $330.

Explanation:

Since we have given that

Price of leather sofas = $200

Mark up the price = 65%

So, the retail price becomes

$(100+65)/(100)* 200\\\\=(165)/(100)* 200\\\\=165* 2\\\\=\$330$

Hence, the retail price of the leather sofas is $330.