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:





$197.04





$179.04





$104.65





$179.40





None of these

Answer 1

40% of $299 is $299 * 0.4 = $119.60
$229.00 - $119.60 = $179.40
Note: The required mark up is on the selling price, not the cost price.

Answer 2

Thank You kropot72

Answer 3

You're welcome :)