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

Answer:

Step-by-step explanation:

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

Answer 2

Answer:

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 - $113 \times \frac{45}{100}$

= $ 113 -$ 50.85

=  $52.15

So, Mark up for couch = $113 \times \frac{45}{100}[$

                           = $\frac{5085}{100} =50.85$$