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

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

anonymous · Answer

A.)$197.04. 
B.)179.04. 
C.)104.65. 
D.)179.40. 
E.)None of these

I tried 299*.40 and got 119.6 but i don't know if that is correct.

radar · Answer

1.4x=299
x=$213.57
Lets check. 40% of 213.57 is 85.43 for the mark-up.
213.57+85.43=$299
Go for the E