Question

Brandon's Furniture Store buys a sofa at a wholesale price of $ 9 7 . 0 0 $97.00dollar sign, 97, point, 00. If the markup rate at Brandon's Furniture Store is 4 0 % 40%40, percent, what is the markup for the sofa?

Answer 1

Answer:

Step-by-step explanation:

Hello, great question. These types are questions are the beginning steps for learning more advanced Algebraic Equations.

We need to first turn the percent into a decimal. Since the markup rate at Brandon's furniture is 40% then the percent in decimal form would be 0.40.

Since markup is a higher price than the wholesale price then we need to add 1 to the percent and then multiply it by the wholesale price in order to find the final price of the sofa at Brandon's Store.

$97.00*1.40 = 135.80$

Finally, we can see that the Sofa at Brandon's Store will cost $135.80 after adding a markup of $38.80

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

Answer 2

40% times 97.00 = 38.80
38.80 + 97.00 = $135.80
The markup for the sofa is $135.80.
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