Question

Bobs furniture store bought a table at wholesale price for $175. The store marks up all furniture by 15%. What is the markup price?

Answer 1

$ 201 . 25

Explanation:

The new price will be the 100% ( or 1.0 ) of the purchase price PLUS 15% ( or .15) of the purchase price

purchase price * 1.0 + purchase price * .15 =

purchase price * ( 1 + .15)

purchase price * (1.15)

175 ( 1.15) = $ 201 . 25