Jay King, owner of a local Bed and Bath Store knows that his customers will only pay at most, $299 for a blow up bed. Assuming J ay wants a 40% markup on selling price, the most he could pay the manufacturer for the blow up bed is:
2 answers:
The answer would be 747.50! Because if you were wanting to decrease the price then you would multiply $299 by 40% So since you are wanting to add to the price then you would divide...Hope that makes since :)
Answer: The most he could pay the manufacturer for the blow up bed is $213.57
Step-by-step explanation:
Hi, if Jay King wants a 40% markup on selling price, we can state that “x” is 140% of $299.
Mathematically speaking:
1.4 x = $299
Where:
1.4 = decimal form of the percentage (140/100 =1.4)
x = manufacturer's blow up bed maximum price
Solving for x:
x = 299/1.4 = 213.57
So, the most he could pay the manufacturer for the blow up bed is $213.57
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