Question

Ivana's furniture store buys a chair at a wholesale price of $320.00. If the markup rate at Ivana's store store is 40%, what is the total markup in dollars?

Answer 1

Answer: $128.00

Step-by-step explanation:

From the question, we are given the information that Ivana's furniture store buys a chair at a wholesale price of $320.00 and that the markup rate at Ivana's store store is 40%.

The total markup will then be:

= Markup rate × Price

= 40% × $320

= 0.4 × $320

= $128.00