Question

Jessica's Furniture Store buys a couch at a wholesale price of \$113.00$113.00dollar sign, 113, point, 00. If the markup rate at Jessica's Furniture Store is 45\%45%45, percent, what is the markup for the couch? \$\ $ dollar sign, space

Answer 1

Answer:

$50.85.

Step-by-step explanation:

We have been given that Jessica's Furniture Store buys a couch at a wholesale price of $113.00. The markup rate at Jessica's Furniture Store is 45%. We are asked to find the markup for the couch.

$\text{Markup}=\text{Original cost}\times \text{Markup percent}$

$\text{Markup}=\ 113\times 45\%$

$\text{Markup}=\ 113\times \frac{45}{100}$

$\text{Markup}=\ 113\times 0.45$

$\text{Markup}=\ 50.85$

Therefore, the mark-up for the couch us $50.85.