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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?

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john101carreker

Answer:


Step-by-step explanation:

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

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 - [tex]113 \times \frac{45}{100}[/tex]

= $ 113 -$ 50.85

=  $52.15

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

                           = [tex]\frac{5085}{100} =50.85[/tex]$

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