Question

A furniture store buys leather sofas from a manufacturer for $200 each and marks up the price 65%. Which expression represents the retail price?

Answer 1

Answer: The retail price of the leather sofas is $330.

Explanation:

Since we have given that

Price of leather sofas = $200

Mark up the price = 65%

So, the retail price becomes

`(100+65)/(100)* 200\\\\=(165)/(100)* 200\\\\=165* 2\\\\=\$330`

Hence, the retail price of the leather sofas is $330.