Question

The book shelf was bought at a wholesale price of \$147.00$147.00dollar sign, 147, point, 00, and Gabriela's Furniture Store marks up all furniture by 60\%60%60, percent. At what price should the manager sell the book shelf?

Answer 1

$235.20

Explanation:

Calculation for At what price should the manager sell the book shelf

First step is to calculate the price increase using this formula

Price increase=Marks up percentage*Wholesale price

Let plug in the formula

Price increase=60%*$147.00

Price increase=$88.20

Now let calculate the price that the manager should sell the book shelf using this formula

Book shelf Price=Wholesale price+Price increase

Let plug in the formula

Book shelf Price=$147.00+$88.20

Book shelf Price=$235.20

Therefore the price that the manager should sell the book shelf is $235.20