Question

Tiffany's Furniture Store buys a table at a wholesale price of $103.00 If the markup rate at Tiffany's Furniture Store is 55% what is the markup for the table?

Answer 1

$103.00 x (0.55) = $56.65

answer

markup : $56.65

Answer 2

First find 55% of 103.
103*0.55=$56.65

If you would like to know the retail price, add the markup to the wholesale price.
103+56.65=$159.65