The manager at Gabriela's Furniture Store is trying to figure out how much to charge for a book shelf that just arrived. The book shelf was bought at a wholesale price of $ 1 4 7. 0 0 $147.00, and Gabriela's Furniture Store marks up all furniture by 6 0 % 60%. At what price should the manager sell the book shelf?

Question

Mathematics

Sandra Johnson

28 May, 15:22

The manager at Gabriela's Furniture Store is trying to figure out how much to charge for a book shelf that just arrived. The book shelf was bought at a wholesale price of $ 1 4 7. 0 0 $147.00, and Gabriela's Furniture Store marks up all furniture by 6 0 % 60%. At what price should the manager sell the book shelf?

+5

Answers (1)

Know the Answer?

Danielle Wiggins · Answer 1

Step-by-step explanation:

The book shelf arrived at the wholesale price = $ 147

Mark up on the furniture = 60 %

So The Cost Price = $147

Markup = 60% = 0.60

So using the formula

Sale Price = Cost Price + Cost Price * Markup percentage

So

Sale Price = 147 + 147 * (0.60)

Sale Price = $ 235.20