Delgado Parry
09/01/2023 · Middle School
The wholesale price for a chair is \( \$ 181 \). A certain furniture store marks up the wholesale price by \( 25 \% \). Find the price of the chair in the furniture store.
UpStudy ThothAI Solution
Tutor-Verified Answer
Step-by-step Solution
To find the price of the chair in the furniture store after a \( 25\% \) markup on the wholesale price, we can follow these steps:
1. **Calculate the amount of the markup**:
The markup is calculated as \( 25\% \) of the wholesale price. The wholesale price is \( \$ 181 \).
\[
\text{Markup} = 0.25 \times 181
\]
\[
\text{Markup} = 45.25
\]
2. **Add the markup to the wholesale price**:
Now, we add the markup to the wholesale price to find the retail price.
\[
\text{Retail Price} = \text{Wholesale Price} + \text{Markup}
\]
\[
\text{Retail Price} = 181 + 45.25
\]
\[
\text{Retail Price} = 226.25
\]
Thus, the price of the chair in the furniture store is \( \boxed{226.25} \).
Quick Answer
The price of the chair in the furniture store is \( \$226.25 \).
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