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Jessica's Furniture Store buys a couch at a wholesale price of $113.00\$113.00. If the markup rate at Jessica's Furniture Store is 45%45\%, what is the markup for the couch?

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Q. Jessica's Furniture Store buys a couch at a wholesale price of $113.00\$113.00. If the markup rate at Jessica's Furniture Store is 45%45\%, what is the markup for the couch?
  1. Identify Given Values: Identify the given values and what needs to be calculated.\newlineWe have:\newlineWholesale price of the couch: $113.00\$113.00\newlineMarkup rate: 45%45\%\newlineWe need to calculate the markup amount for the couch.
  2. Calculate Markup Amount: Calculate the markup amount using the markup rate.\newlineMarkup amount = Wholesale price ×\times Markup rate\newline= $(113.00)×45100\$(113.00) \times \frac{45}{100}\newline= $(113.00)×0.45\$(113.00) \times 0.45
  3. Perform Calculation: Perform the calculation to find the markup amount.\newlineMarkup amount = $113.00×0.45\$113.00 \times 0.45\newline= $50.85\$50.85

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