Question

The wholesale price for a desk is $192. A certain furniture store marks up the wholesale price by 17% find the price of the desk in the furniture store round to the nearest cent as necessary

Answer 1

22,464 cents

Explanations:

Given the following parameters:

Wholesale price for a desk = $192

Percent mark-up = 17%

Get the mark-up price:

`\begin{gathered} \text{Mark}-up\text{ price = 17\% of \$192} \\ \text{Mark}-up\text{ price = 0.17}*192 \\ \text{Mark}-up\text{ price = \$}32.64 \end{gathered}`

The price of the desk in the furniture store will be:

`\begin{gathered} \text{Price of desk in the store = wholesale price + Mark-up price} \\ \text{Price of desk in the store}=\$192+\$32.64 \\ \text{Price of desk in the store=\$}224.64 \end{gathered}`

Round up to the nearest cent

Note that $1 = 100cents;

$224.64 = (224.64 * 100) = 22,464 cents

Therefore the price of the desk in the furniture store round to the nearest cent is 22,464 cents