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15 November, 01:42

The wholesale price for a chair is $167. A certain furniture store marks of the wholesale price by 18%. Find the price of the chair in the furniture store. Round your answer to the nearest cent as necessary.

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Answers (2)
  1. 15 November, 04:59
    0
    The given are:

    $167 = wholesale price of a chair

    18% = off of the wholesale price

    x = price of the chair

    to solve,

    wholesale price x (1-off of the wholesale price) = new price of the chair

    so,

    167 (1-.18) = x

    167 (0.82) = x

    x = 136.94

    the answer is 136.94.
  2. 15 November, 05:37
    0
    167 (1.18) = $197.06. Use 1.18 because it's being marked up in addition to the original price
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