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29 May, 20:13

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 Jay wants a 40% markup on selling price, the most he could pay the manufacturer for the blow up bed is

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  1. 29 May, 22:20
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    If you would like to know the price Jay can pay the manufacturer for the blow up bed, you can calculate this using the following steps:

    100% + 40% = 140%

    140% of x is $299

    140% * x = 299

    140/100 * x = 299 / * 100/140

    x = 299 * 100 / 140

    x = $213.6

    40% of $213.6 = 40% * 213.6 = 40/100 * 213.6 = 85.44

    $213.6 + $85.44 = $299

    The correct result would be $213.6.
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