Question

The wholesale price for a pillow is $7.50. A certain department store marks up the wholesale price by 60%. Find the price of the pillow in the department store. Round your answer to the nearest cent, as necessary.

Answer 1

• Price of pillow in the department store = $12

Solution:

We are given :

• The wholesale price of the pillow = $7.50
• The store marks up wholesale price increased by 60%

We have to find the price of pillow in department store, which is equal to :

Increase in price of pillow = 60/100 × $7.5

= 0.6 × $7.5

= $4.5

Price of pillow in department store = $4.5 + $7.5

= 12

Hence, price of the pillow in department store is $12.