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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%, what is the markup for the couch? $

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

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Q. Jessica's Furniture Store buys a couch at a wholesale price of $113.00 \$ 113.00 .\newlineIf the markup rate at Jessica's Furniture Store is 45% 45 \% , what is the markup for the couch?\newline$ \$
  1. Identify values: Identify the given values.\newlineWholesale price of the couch: $113.00\$113.00\newlineMarkup rate: 45%45\%\newlineWe need to calculate the markup amount based on the given markup rate.
  2. Calculate markup amount: Calculate the markup amount.\newlineMarkup amount = Wholesale price * Markup rate\newline= $113.00\$113.00 * 45100\frac{45}{100}\newline= $113.00\$113.00 * 0.450.45\newline= $50.85\$50.85\newlineThe markup for the couch is $50.85\$50.85.

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