Question

The wholesale price for a chair is $151. A certain fumiture store marks up the wholesale price by 15%, Find the price of the chair in the furniture store.

Round your answer to the nearest cent, as necessary.

Answer 1

We are given a value, and a total value with a percentage increase from the original value. We can express percentages as decimals when using them along with real numbers. This can be shown in a simple expression.

t = 151 + (151 x 0.15)
t = 151 + 22.65
t = 173.65

The final value of the chair is $173.65.