Question

the wholesale price for a pillow is $8.50. a certain department store marks up the wholesale price by 60%. find the price of the pillow in the department store. round your answer to the nearest cent, as necessary.

Explanation:

Step1: Identify the original price and markup percentage

The wholesale price is $8.50 and the markup is 60% or 0.6 in decimal form.

Step2: Calculate the markup amount

Markup amount = Wholesale price×Markup percentage. So, $8.50×0.6 = 5.1$.

Step3: Calculate the retail price

Retail price = Wholesale price+Markup amount. So, $8.50 + 5.1=13.6$.

Answer:

$13.60