Question

The wholesale price for a chair is $165. A certain furniture store marks up the wholesale price by 20%. Find the price of the chair in the furniture store. Round your answer to the nearest cent, as necessary.

Answer 1

$198

Explanation:

Given data

WholeSale price= $165

Markup = 20%

Let us find the amount of the markup

=20/100*$165

=0.2*165

=$33

Hence the cost of the chair will be

=33+165

=$198