The wholesale price for a chair is \$104. A certain furniture store marks up the wholesale price by 24%. Find the price of the chair in the furniture store.Round your answer to the nearest cent, as necessary.

Solution

T h e w h o l es a l e p r i ce f or a c hai r i s $104. A cer t ain f u r ni t u re s t ore ma r k s u p t h e w h o l es a l e p r i ce b y 24%. F in d t h e p r i ce o f t h e c hai r in t h e f u r ni t u re s t ore . R o u n d yo u r an s w er t o t h e n e a res t ce n t, a s n ecess a ry .

Amount after addition : 128.96

Solution steps

Translate the problem into an equation:

x = 104 + 0.24 \cdot 104

x = 104 + 0.24 \cdot 104 : x = 128.96

Amount after addition : 128.96