To find the price of the chair in the furniture store, we need to add the markup to the wholesale price:
Markup = 28% of $169 = 0.28 * 169 = $47.32
Price of chair in furniture store = Wholesale price + Markup = $169 + $47.32 = $216.32
The wholesale price for a chair is $169. A certain furniture store marks up the wholesale price by 28%.
Find the price of the chair in the furniture store.
Round your answer to the nearest cent, as necessary
1 answer
1 answer