Question

The wholesale price for a pillow is $8.5. 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

To find the price of the pillow in the department store after a 90% markup, we can follow these steps:

1. **Calculate the amount of the markup**:
\[
\text{Markup} = \text{Wholesale Price} \times \text{Markup Percentage}
\]
\[
\text{Markup} = 8.5 \times 0.90 = 7.65
\]

2. **Add the markup to the wholesale price to get the retail price**:
\[
\text{Retail Price} = \text{Wholesale Price} + \text{Markup}
\]
\[
\text{Retail Price} = 8.5 + 7.65 = 16.15
\]

Therefore, the price of the pillow in the department store is **$16.15**.