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?

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.

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

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