Angelo G. answered • 04/04/19
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When dealing with percentages, we can work with decimals to handle this. So 1 times the price would represent 100 percent, since 1 x 113 = 113.
So, 45 percent of 113 would be .45 x 113 = 50.85
However, we are marking up the price with a 45 percent increase from wholesale so you have
113 + 50.85 = 1.45 x113 = 163.85
The manager should sell the couch at $163.85
Angelo G.
tutor
50.85 is 45 percent of the wholesale price and the amount of the mark up. The question asks how much the manager should sell the couch for, which would be wholesale cost plus the markup which is 163.85. Otherwise, if the manager sold the couch for only 50.85. He/she would take a loss and sell for less than the 113 that he/she paid for it. 50.85 would be the final answer if the question was how much the 45 percent markup would be not how much the manager should sell the couch for. so 163.85 is the final answer. Be sure to thoroughly read the question and understand what is completely being asked before assuming an answer.
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06/18/19
Abigail W.
actually, 50.85 is the correct answer. I tried both, and 50.85 is correct at least on khan academy :)
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06/04/22
Noah J.
50.85 isn't correct, they asked for total cost. Stay in school, I guess.
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08/06/22
Jonathan D.
The answer is actually 50.85, so you had the right answer but you kept on going.06/18/19