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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 $147.00, and Gabriela's Furniture Store marks all furniture by 60%. At what price should the manager sell the book shelf?

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 $147.00\$147.00, and Gabriela's Furniture Store marks all furniture by 60%60\%. \newlineAt what price should the manager sell the book shelf?

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Q. 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 $147.00\$147.00, and Gabriela's Furniture Store marks all furniture by 60%60\%. \newlineAt what price should the manager sell the book shelf?
  1. Calculate Markup Amount: Calculate the markup amount on the wholesale price.\newlineMarkup percentage = 60%60\%\newlineWholesale price = $147.00\$147.00\newlineMarkup amount = Wholesale price ×\times Markup percentage\newline= $147.00\$147.00 ×60100\times \frac{60}{100}\newline= $147.00\$147.00 ×0.6\times 0.6\newline= $88.20\$88.20
  2. Calculate Selling Price: Calculate the selling price by adding the markup amount to the wholesale price.\newlineSelling price = Wholesale price + Markup amount\newline= $147.00\$147.00 + $88.20\$88.20\newline= $235.20\$235.20

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