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Brandon's Furniture Store buys a sofa at a wholesale price of $97.00. If the markup rate at Brandon's Furniture Store is 40%, what is the markup for the sofa? $

Brandon's Furniture Store buys a sofa at a wholesale price of $97.00 \$ 97.00 .\newlineIf the markup rate at Brandon's Furniture Store is 40% 40 \% , what is the markup for the sofa?\newline$ \$

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Q. Brandon's Furniture Store buys a sofa at a wholesale price of $97.00 \$ 97.00 .\newlineIf the markup rate at Brandon's Furniture Store is 40% 40 \% , what is the markup for the sofa?\newline$ \$
  1. Given Information: We have:\newlineWholesale price of the sofa: $97.00\$97.00\newlineMarkup rate: 40%40\%\newlineCalculate the markup amount.\newlineMarkup amount = Wholesale price ∗* Markup rate\newline= 97×4010097 \times \frac{40}{100}\newline= 97×0.497 \times 0.4\newline= $38.80\$38.80

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