Question

The wholesale price for a bookcase is $153.00 . A certain furniture store marks up the wholesale price by 35% . Find the price of the bookcase in the furniture store.Round your answer to the nearest cent, as necessary.

Answer 1

Given:

Wholesale price = $153.00

Marks up the wholesale price = 35%

Find-:

Price of the bookcase in the future store.

Explanation-:

The price markup with 35%.

If the price is 100 then the new price is 135.

`\begin{gathered} \text{ Price is \$}100\text{ then the new price is }=135 \\ \\ \text{ If the price is \$}1\text{ then the new price is }=(135)/(100) \end{gathered}`

For the price of $153 then the new price is:

`\begin{gathered} =153*(135)/(100) \\ \\ =153*1.35 \\ \\ =206.55 \end{gathered}`

So, the new price is $206.55.