Answer: $128.00
Step-by-step explanation:
From the question, we are given the information that Ivana's furniture store buys a chair at a wholesale price of $320.00 and that the markup rate at Ivana's store store is 40%.
The total markup will then be:
= Markup rate × Price
= 40% × $320
= 0.4 × $320
= $128.00
