Question

Debra is shopping for a king-size mattress. The mattress has a wholesale price of $359.00

Debra can go to a specialty store that she knows has the mattress. This specialty store marks up the wholesale price by 40%

. Ignoring tax, how much would Debra pay for the mattress at the specialty store?

Answer 1

If the wholesale price of the king-size mattress is $359.00, and the specialty store marks up the price by 40%, the price Debra would pay at the specialty store is:

Wholesale price + Mark-up amount = Price at specialty store

$359.00 + 40% of $359.00 = $359.00 + $143.60 = $502.60

Therefore, Debra would pay $502.60 for the mattress at the specialty store.