Calculate the Price of Furniture with a 150% Markup: Determining Table and Chair Costs

Question

The price of a table is 150% greater than the price of a chair.
Determine the individual prices for a table and a chair separately.

Video Solution

Solution Steps

00:00 Determine the cost of a table and a chair
00:07 Mark the chair's price with unknown X
00:13 From the given data, we can determine the table's price and express it using X
00:24 Convert percentages to fractions and simplify wherever possible
00:50 This is the expression for the table's price using X
00:59 Construct an appropriate equation based on the given data
01:07 Substitute the price expressions and solve for X
01:24 We want to isolate X
01:35 Let's isolate X
01:39 This is the chair's price
01:49 Insert this price into the table's price expression and solve
02:02 This is the solution

Step-by-Step Solution

To solve this problem, let's follow these steps:

  • Step 1: Define the variables. Assume the price of a chair is C C dollars.

  • Step 2: Determine the price increase for the table. Since the table's price is 150% greater than the chair's, calculate 150% of C C , given by 1.5×C 1.5 \times C .

  • Step 3: Compute the table's price. The price T T of the table is the sum of the chair's price and the calculated increase: T=C+1.5×C T = C + 1.5 \times C .

  • Step 4: Simplify the expression. This results in T=2.5×C T = 2.5 \times C .

Now, substituting values from the given options (since T=2.5×C T = 2.5 \times C ) reveals the following key information:

For option 3, with Chair at 100\ \), assuming Chair's price to be C=100 C = 100 :
T=2.5×100=250 T = 2.5 \times 100 = 250 .

Verification shows a chair price of 100\ \) and table price of 250\ \) as per our calculations. This matches our established equation, confirming it as the correct choice where a chair costs 100\ \) and a table costs 250\ \).

Thus, the individual prices are C=100 dollars and T=250 dollars C = 100 \ \text{dollars and} \ T = 250 \ \text{dollars} , which aligns with option 3 in given choices.

Answer

Chair 100 andatable150 and a table 150