Answer:
$143.84
Explanation:
Given the following question:
Initial price of the chair was $124....
Marked up 16% (which means the price has increased by 16%)
Find the new price of the chair...
In order to find the answer, we find 16% of a given number in till it equals 124 which was the initial price.
16% of 143.84 is 124
143.84 is already rounded to the nearest cent
Which means the new price of the chair is "$143.84"
Hope this helps.