Question

Jessica's Furniture Store buys a couch at a wholesale price of $113.00. If the markup rate at Jessica's Furniture Store is 45 percent what is the markup for the couch?

Answer 1

Explanation:

You have to multiply 113.00 by 0.45 which is $50.85. This is your answer

Answer 2

Whole sale price of couch that exists in Jessica's store = $ 113

Mark up rate at the Jessica's store = 45%

⇒Actual rate of Couch= Selling Price - Extra Price which is used for profit by the businessperson(Mark up price)

So, Mark up for couch = Selling price of couch -
`113 * (45)/(100)`

= $ 113 -$ 50.85

= $52.15

So, Mark up for couch =
`113 * (45)/(100)[`

=
`(5085)/(100) =50.85`$