Question
The wholesale price for a desk is \( \$ 106 \). A certain furniture store marks up the wholesale price by \( 13 \% \). Find the price of the desk in the furniture sto Round your answer to the nearest cent, as necessary.
Ask by Mathis Long. in the United States
Feb 03,2025
Real Tutor Solution
Tutor-Verified Answer
Answer
The price of the desk in the furniture store is $119.78.
Solution
Calculate or simplify the expression \( 106*1.13 \).
Calculate the value by following steps:
- step0: Calculate:
\(106\times 1.13\)
- step1: Multiply the numbers:
\(119.78\)
The price of the desk in the furniture store after marking up the wholesale price by 13% is $119.78.
Therefore, the price of the desk in the furniture store is $119.78.
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Simplify this solution Bonus Knowledge
To find the price of the desk after the markup, we first need to calculate the markup amount, which is \( 13\% \) of the wholesale price. The markup can be calculated as: \[ \text{Markup} = 106 \times 0.13 = 13.78 \] Now, add the markup to the wholesale price to get the retail price: \[ \text{Retail Price} = 106 + 13.78 = 119.78 \] Therefore, the price of the desk in the furniture store is \( \$119.78 \).
