The manager at Gabriela's Furniture Store is trying to figure out how much to charge for a book shelf that just arrived. The book shelf was bought at a wholesale price of
\[\$147.00\], and Gabriela's Furniture Store marks up all furniture by
\[60\%\].
At what price should the manager sell the book shelf?
To find the selling price of the bookshelf, we need to add the markup to the wholesale price. The markup is calculated by multiplying the wholesale price by the markup percentage, or 60%.
Markup = Wholesale price * Markup percentage
Markup = $147.00 * 0.60
Markup = $88.20
To determine the selling price, we need to add the markup to the wholesale price:
Selling price = Wholesale price + Markup
Selling price = $147.00 + $88.20
Selling price = $235.20
Therefore, the manager should sell the bookshelf for $235.20.