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.

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.

167 (1.18) = $197.06. Use 1.18 because it's being marked up in addition to the original price