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?

The markup for the sofa can be calculated using the formula:

\[
\text{Markup} = \text{Wholesale Price} \times \text{Markup Rate}
\]

In this case:

\[
\text{Markup} = 97.00 \times 0.40
\]

\[
\text{Markup} = 38.80
\]

So, the markup for the sofa is **\$38.80**.

Would you like more details or have any questions?

Here are 5 related questions for practice:
1. What is the retail price of the sofa after adding the markup?
2. If the markup rate was 50%, what would the new markup amount be?
3. How would the markup change if the wholesale price was \$120.00?
4. If Brandon's Furniture Store had a 25% discount, what would be the final selling price after applying the discount to the retail price?
5. What is the percentage increase from the wholesale price to the retail price?

**Tip:** When calculating markup, always convert percentage rates into decimals by dividing by 100.

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?

Learn how to calculate the markup for a sofa purchased at a wholesale price of $97.00 with a 40% markup rate. This solution demonstrates the use of percentages and basic arithmetic to find the markup amount. Suitable for students in Grades 6-8.

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