Question

The wholesale price for a bookcase is $151. A certain furniture store marks up the wholesale price by 37%. Find the price of the bookcase in the future store. Round your answer to the nearest cent, as necessary.

Answer 1

The wholesale price for a bookcase is $151.

The markup is 37% of $151,

$\frac{37}{100}\times151=0.37\times151=55.87$

Therefore, the mark-up price is $55.87.

The price of the bookcase in the future store will be

$\text{ \ 151+\ 55.87=\ 206.87}$

Hence, the answer is $206.87.