Question

What’s the markup on the couch

Answer 1

$163.85

Explanation:

Since the cost of the couch is $113.00 then this is the original 100% price. To find a 45% mark up then find 145%. Remember 100+45 = 145. To find the price set up a proportion with these values:

`(x)/(113)=(145)/(100)`

Solve for the price by cross multiplying numerator with denominator.

x(100) = 113(145)

100x = 16385

x= 163.85