Question

What is the retail price of a couch at a furniture store that has a wholesale price of $115 and is marked up by 75 percent?

Answer 1

You would multiply the $115 by 1.75 to get $201.25 for the retail price

Answer 2

The retail price of the couch is $ 201.25.

Explanation:

Given, the wholesale price of the couch = $ 115,

Marked up rate = 75 %,

So, the total marked up = 75 % of wholesale price

= 75 % of $ 115

`=(75* 115)/(100)`

`=(8625)/(100)`

`\$ 86.25`

Hence, the retail price of the couch = The wholesale price + Total marked up

= $ 115 + $ 86.25

= $ 201.25