Question

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$147.00dollar sign, 147, point, 00, and Gabriela's Furniture Store marks up all furniture by 60\%60%60, percent. At what price should the manager sell the book shelf?

Answer 1

The book shelf was bought at a wholesale price of $147.00

Gabriela's Furniture Store marks up all furniture by 60% = 0.60

cost price = 147 and markup percentage = 0.60

Sale price = cost price + cost price * mark up percentage

Sale price = 147 + 147 * 0.60

= 147 + 88.2 = 235.20

The sale price of the book shelf = $235.20

Answer 2

The shelf should sell for $235.20.

Marking the price up by 60% means taking 160% of the cost:
160% = 160/100 = 1.6; 1.6(147) = 235.20