A furniture store manager buys a coffee table from their wholesale supplier for $\$ 415$. What is the retail price if their markup is $25 \%$ ? Give your answer rounded to the nearest cent. Be sure to clearly show your work on your paper! The retail price is $\$$ Submit Question

Step 1 ：Let the cost price of the coffee table be denoted by \(C\), which is \$415.

Step 2 ：Let the markup be denoted by \(M\), which is 25% of the cost price. So, \(M = 0.25 \times C = 0.25 \times 415 = \$103.75\).

Step 3 ：The retail price is the sum of the cost price and the markup. So, the retail price \(R = C + M = 415 + 103.75 = \$518.75\).

Step 4 ：Final Answer: The retail price is \(\boxed{518.75}\) dollars.