By using an absolute reference to cell l3, the function that will multiplies the wholesale price by the markup amount In cell F5 is "B5*$L$3"
In a spreadsheet. this refers to the rectangular area that is formed by the intersection of a column and a row.
On a typical spreadsheet, every cells have its assigned code from Combination of Number 1-10 and Alphabet A-Z.
However, in the question context, the function that will multiplies the wholesale price by the markup amount In cell F5 is "B5*$L$3"
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