Question

The whole sales price for a chair is $165. A certain furniture store marks up the wholesalers price by 15%. Find the price of the chair in the furniture store. Round your answer to the nearest cent as necessary

Answer 1

$189.75

Explanation:

Whenever you want to find the percent of something, you need to turn the percent into a decimal. In this case, we need to find 115% of the wholesale price because there is a markup, so the cost will be higher.

115% as a decimal is 1.15. Here is how the equation will be set up:

$165 • 1.15 = $189.75

No rounding is necessary for this problem because it is already to the nearest cent.