Answered

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The manager at Jessica's Furniture Store is trying to figure out how much to charge for a couch that just arrived. The couch was bought at a wholesale price of \$113.00$113.00dollar sign, 113, point, 00, and Jessica's Furniture Store marks up all furniture by 45%, percent.

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Given the mark up of all furniture in the store, the price that the manager should charge for the couch that just arrived is $163.85.

How much should the manager charge for the couch that just arrived?

Given that;

  • Purchase price = $113.00
  •  marks up = 45%
  • Selling price = ?

First, we determine the mark price.

Since the Furniture Store marks up all furniture by 45%.

Mark up price = mark up × purchase price

Mark up price = 45% × $113.00

Mark up price = 0.45 × $113.00

Mark up price = $50.85

Now, the selling price will be;

Selling price = Purchase price + mark up price

Selling price = $113.00 + $50.85

Selling price = $163.85

Given the mark up of all furniture in the store, the price that the manager should charge for the couch that just arrived is $163.85.

Learn more about mark up prices here: https://brainly.com/question/2440726

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