A sofa has a wholesale price of $650. A furniture store's markup rate is 40%.
a. What is the markup for this sofa?
b. What is the retail price?
c. If the Smiths buy this sofa including a 7% sales tax, how much will they pay?

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The Answer of A sofa has a wholesale price of $650. A furniture store's markup rate is 40%.
a. What is the markup for this sofa?
b. What is the retail price?
c. If the Smiths buy this sofa including a 7% sales tax, how much will they pay?

A Sofa Has a Wholesale Price of $650