Question

The wholesale price for a pillow is  $4.50 . A certain department store marks up the wholesale price by 90% . Find the price of the pillow in the department store. Round your answer to the nearest cent, as necessary.

Answer 1

The wholesale price for a pillow is $4.50 .

The store marks up the wholesale price by 90%.

That is, 90% of $4.50 has been aadded with the wholesale price as the store price (SP).

Therefore we have, '

`Sp=4.50+(90)/(100)*4.50=8.55`

Thus, the store price is $8.55