Question

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:

Answer 1

299 - 40%

Answer 2

percents measure divisions of 100

299/100 = 1%

1% times 40 = 40%

40(299/100) = markup.

buying price = 299 - markup