Answer: The price of the chair is $132.30
Step-by-step explanation: The original price of the chair is $115.00 and it's now being marked up by 15%.
That means the new price is now $115.00 + 15% (that's 15% of 115)
To calculate the increment,
New price = 115 × 15/100
= 115 × 3/20
= 23 × 3/4
= 69/4
= 17¼ or 17.25
Since the original price has been marked up, we simply add the increment to the original price. That gives us,
$115.00 + $17.25
$132.24
Approximate that to the nearest cent and you have
$132.30.
