To calculate the selling price of the bookshelf:

1. Wholesale Price: $147.00
2. Markup Percentage: 60%

The formula to calculate the selling price is:

$\text{Selling Price} = \text{Wholesale Price} + (\text{Markup Percentage} \times \text{Wholesale Price})$

$\text{Selling Price} = 147 + (0.60 \times 147)$

First, calculate the markup amount:

$0.60 \times 147 = 88.2$

Add this to the wholesale price:

$147 + 88.2 = 235.2$

Selling Price:

$\boxed{\$235.20}$

Let me know if you would like a more detailed breakdown or have other questions!

Related Questions:

1. What is the formula for calculating a selling price with different markup percentages?
2. How would the calculation change if the markup percentage was based on the selling price instead?
3. What are some factors influencing markup percentages in retail?
4. How can discounts impact the markup percentage calculation?
5. How does this calculation apply in other industries like food or fashion?

Tip:

When calculating percentages, always ensure the percentage is converted to its decimal form (e.g., 60% = 0.60) to avoid errors.