Brandon's Furniture Store Markup Rate Calculation

What is the markup rate for the sofa at Brandon's Furniture Store?

Given data:

Cost of sofa: $70.00

Markup rate: 40%

Markup Rate Calculation:

The markup rate for the sofa at Brandon's Furniture Store is 40%.

Brandon's Furniture Store offers a great deal on sofas with a markup rate of 40%. This means that the store adds 40% of the cost price to the original cost of $70.00 to determine the selling price.

The markup rate is essential for businesses to cover their expenses and make a profit. In this case, Brandon's Furniture Store ensures a reasonable markup that benefits both the customers and the business.

By understanding the markup rate, customers can have a clear idea of how prices are determined and make informed decisions while shopping for furniture at Brandon's Furniture Store.