SOLUTION: The wholesale price for a chair is $188 . A certain furniture store marks up the wholesale price by 38% . Find the price of the chair in the furniture store.

Algebra ->  Finance -> SOLUTION: The wholesale price for a chair is $188 . A certain furniture store marks up the wholesale price by 38% . Find the price of the chair in the furniture store.      Log On


   

Question 1008101: The wholesale price for a chair is
$188
. A certain furniture store marks up the wholesale price by
38%
. Find the price of the chair in the furniture store.
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
The markup is 38% of $188 or (.38)(188) = $71.44 so that the new price would be
$188 + $71.44 = $259.44