Jessica's Furniture Store buys a couch at a wholesale price of $113.00.If the markup rate at Jessica's Furniture Store is 45%, what is the markup for the couch?$
Q. Jessica's Furniture Store buys a couch at a wholesale price of $113.00.If the markup rate at Jessica's Furniture Store is 45%, what is the markup for the couch?$
Identify values: Identify the given values.Wholesale price of the couch: $113.00Markup rate: 45%We need to calculate the markup amount based on the given markup rate.
Calculate markup amount: Calculate the markup amount.Markup amount = Wholesale price * Markup rate= $113.00 * 10045= $113.00 * 0.45= $50.85The markup for the couch is $50.85.
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