The manger at Gabriela's Furniture Store is trying to figure out how much to charge for a book shelf that just arrived. The bookshelf was bought at a wholesale price of $147.00, and Gabriela's Furniture Store marks up all new furniture by 60%.
8 answers
what's the question?
so charge 1.60 * 147.00
1.60 * 147.00
no ok cool
In order to find the retail price, we must first find the amount of markup. Remember that a markup rate is a percentage of the wholesale price that a store adds to get a selling or retail price. markup rate times wholesale price equals the amount of markup. Since the markup rate is a percentage, we have to convert it into a decimal first. Since the markup rate is a percentage of the wholesale price that is added to get the retail price, we can find the retail price with the following equation: the amount of markup plus wholesale price equals retail price (Credits to Khan Academy)
235.20 is the answer btw
At first, the wholesale price of the book shelf is $147.00 Now Gabriela's Furniture markup for all new furniture is 60% so we have to find the first 60% of $147.00 then we got $88.2 now we just have to add this amount to the wholesale price and we got our answer
it's $235.20, proof because I checked it on khan academy.