To find the retail price of the bookcase in the furniture store after a 17% markup on the wholesale price of $103, you can follow these steps:
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Calculate the amount of the markup: \[ \text{Markup} = \text{Wholesale Price} \times \text{Markup Percentage} \] \[ \text{Markup} = 103 \times 0.17 = 17.51 \]
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Add the markup to the wholesale price to find the retail price: \[ \text{Retail Price} = \text{Wholesale Price} + \text{Markup} \] \[ \text{Retail Price} = 103 + 17.51 = 120.51 \]
Therefore, the price of the bookcase in the furniture store is $120.51.