Question

The wholesale price for a bookcase is $151. A certain furniture store marks up the wholesale price by 37%. Find the price of the bookcase in the future store. Round your answer to the nearest cent, as necessary.

Answer 1

The wholesale price for a bookcase is $151.

The markup is 37% of $151,

`(37)/(100)*151=0.37*151=55.87`

Therefore, the mark-up price is $55.87.

The price of the bookcase in the future store will be

`\text{ \$151+\$55.87=\$206.87}`

Hence, the answer is $206.87.