The markup price of the sofa is $38.8 and total cost of sofa after markup is $135 .8 . As given
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%.
40% is written in the decimal form .
= 0.40
Markup price = 0.40 × Cost of sofa
= 0.40 × 97
= $ 38.8
Total cost of the sofa after markup = Cost of the sofa + Markup price
= $97 + $38.8
= $ 135.8
Therefore the markup price of the sofa is $38.8 and total cost of sofa after markup is $135 .8 .
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