Question

The wholesale price for a chair is $167. A certain furniture store marks of the wholesale price by 18%. Find the price of the chair in the furniture store. Round your answer to the nearest cent as necessary.

Answer 1

167(1.18)= $197.06. Use 1.18 because it's being marked up in addition to the original price

Answer 2

The given are:
$167 = wholesale price of a chair
18% = off of the wholesale price
x = price of the chair

to solve,
wholesale price x (1-off of the wholesale price) = new price of the chair

so,
167(1-.18) = x
167(0.82)=x
x = 136.94

the answer is 136.94.