The wholesale price for a desk is $189. A certain furniture store marks up the wholesale price by 18%. Find the price of the desk in the furniture store.
Round your answer to the nearest cent, as necessary.
$
223.02
To find the price of the desk in the furniture store, we need to calculate the markup first.
The markup is calculated by multiplying the wholesale price by the markup percentage.
Markup = Wholesale price * Markup percentage/100
= $189 * 18/100
= $34.02
Now, to find the price of the desk in the furniture store, we add the markup to the wholesale price.
Price in the furniture store = Wholesale price + Markup
= $189 + $34.02
= $223.02
Therefore, the price of the desk in the furniture store is $223.02.