Jessica's Furniture Store Markup Calculation

Calculation of Markup Rate

Markup: The markup is the difference between the wholesale price and the selling price, expressed as a percentage of the wholesale price.

Given Data

Wholesale Price: $113.00

Markup Rate: 45%

Calculation

To find the markup, we need to calculate 45% of the wholesale price. To do this, multiply the wholesale price by 0.45.

Markup = $113.00 × 0.45 = $50.85

Final Answer

Therefore, the markup rate at Jessica's furniture store is $50.85.