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 up all furniture by 60%. At what price should the manager sell the book shelf?
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, and Gabriela's Furniture Store marks up all furniture by 60%. At what price should the manager sell the book shelf?
Calculate Markup Amount: Determine the markup amount by calculating 60% of the wholesale price.To find 60% of $147.00, we multiply the wholesale price by 0.60 (since 60% is the same as 0.60 in decimal form).Markup amount = Wholesale price × Markup percentageMarkup amount = $147.00×0.60
Find Markup Amount: Perform the calculation to find the markup amount.Markup amount = $147.00×0.60Markup amount = $88.20
Determine Final Selling Price: Add the markup amount to the wholesale price to find the final selling price.Final selling price = Wholesale price + Markup amountFinal selling price = $147.00 + $88.20
Calculate Final Selling Price: Perform the calculation to find the final selling price.Final selling price = $147.00 + $88.20Final selling price = $235.20
More problems from Add, subtract, multiply, and divide decimals: word problems