A craft store bought paint for a wholesale price of 100 the store charges a 65% markup what is the craft stores price for the paint.
1.65 * 100 = 165
To find the craft store's price for the paint after applying the markup, we need to add the markup percentage to the wholesale price.
Step 1: Calculate the markup amount
Markup Amount = Wholesale Price * Markup Percentage
Markup Amount = 100 * 0.65
Markup Amount = 65
Step 2: Add the markup amount to the wholesale price
Craft Store's Price = Wholesale Price + Markup Amount
Craft Store's Price = 100 + 65
Craft Store's Price = 165
Therefore, the craft store's price for the paint is $165.